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Quant founder-linked wallet transfers $6.97M in QNT after seven years of dormancy

A wallet associated with a Quant Network founder moved 25,776 QNT worth nearly $7 million following seven years of inactivity, coinciding with a triple-digit weekly rally for the token.

Candlestick price chart showing a steep upward rally for QNT against TetherUS.
Image: @coinbureau

A crypto wallet linked to a Quant Network founder transferred 25,776 QNT, valued at approximately $6.97 million, to new wallets after seven years of inactivity, according to on-chain analytics account Lookonchain. The wallet still retains 600,000 QNT, currently worth about $160.39 million.[3][1][2]

The multimillion-dollar transfer coincides with massive price gains for the token, which surged between 280% and over 350% across the past week. The rally and wallet movement come as Quant prepares to connect and power a tokenized-deposit network for The Clearing House, an entity that settles more than $2 trillion on a daily basis. Quant-built infrastructure is also reportedly supporting live customer transactions at major UK banking institutions, including Barclays, HSBC, Lloyds, and NatWest.[1][2]

Key facts

  • Quant Network founder wallet 0x48E9 moved 25,776 QNT worth about $6.97 million to new wallets after seven years of dormancy.
  • The founder-linked wallet continues to hold 600,000 QNT, valued at roughly $160.39 million.
  • QNT surged significantly over the past week, with reports citing price jumps of more than 280% to over 350%.
  • The Clearing House, which settles over $2 trillion daily, selected Quant to power and connect its tokenized-deposit network.
  • Quant-built infrastructure is supporting live customer transactions at major UK banks including Barclays, HSBC, Lloyds, and NatWest.

Sources 路 3 sources

  1. TB

    The Block@TheBlockCoPost on X 路

    NEW: Quant founder-linked wallet transferred 25,776 QNT worth $6.97M after seven years of dormancy, according to Lookonchain. The wallet retains 600,000 QNT worth $160.39M, while Quant prepares to power The Clearing House's tokenized-deposit network. ethereum:0x4a220e6096b25eadb88358cb44068a3248254675 surged over 280% in the past week.

    Open source
  2. CB

    Coin Bureau@coinbureauPost on X 路

    馃毃HUGE: Quant founder-linked wallet moves $7 MILLION in QNT after seven years of dormancy, as the token surges over +350% in a week. The wallet transferred 25,776 QNT and still holds 600,000 tokens worth roughly $160.39 MILLION, per lookonchain. The move comes as The Clearing House, which settles over $2 TRILLION daily, selected Quant to connect its tokenized-deposit network. Quant-built infrastructure is also supporting live customer transactions at major UK banks, including Barclays, HSBC, Lloyds and NatWest. $QNT has jumped nearly 4x in price in the past week.

    Open source
  3. LO

    Lookonchain@lookonchainPost on X 路

    Quant Network founder wallet 0x48E9 moved 25,776 $QNT($6.97M) to new wallets after 7 years of inactivity. The wallet still holds 600,000 $QNT($160.39M). https://t.co/XS5kQf1yGf https://t.co/2jZWZ6Jdub

    Open source