Crypto
Quant Surges 7.42% to $98.32 Amid Liquidation Frenzy
Quant (QNT) experienced a sudden surge on Friday morning, rising 7.42% in just one hour to $98.32. The price jump occurred at 12:37 a.m. ET, marking a significant move in the token's spot market.
The increase from $91.53 to $98.32 was recorded on Binance's QNT/USDT spot market, as per TokenPost's direct collection and calculation of public exchange prices.
Liquidations during the same hour totaled $20,000 in long positions and $150,000 in short positions across Binance, Bybit, and OKX. This indicates that some traders may have been caught off guard by the sudden price increase.
Quant's market capitalization stood at around $1.37321 billion, placing it 69th among crypto assets.