Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Quant Price Surges 5X in Days as Founder Wallet Moves $6.97M QNT — Can QNT Break $400?

Quant Price Surges 5X in Days as Founder Wallet Moves $6.97M QNT — Can QNT Break $400?

CryptoNewsNetCryptoNewsNet2026/10/01 15:18
By:CryptoNewsNet
Back to the list

Quant Price Surges 5X in Days as Founder Wallet Moves $6.97M QNT — Can QNT Break $400?

Quant Price Surges 5X in Days as Founder Wallet Moves $6.97M QNT — Can QNT Break $400? image 0  coinpedia.org 39 m
Quant Price Surges 5X in Days as Founder Wallet Moves $6.97M QNT — Can QNT Break $400? image 1

Quant price has undergone a rapid repricing, climbing from roughly $60 in mid-September to an intraday high near $372 before settling around $300. $QNT gained more than 400% during September, putting the token among the strongest-performing large-cap crypto assets of the month.

Founder-Linked Wallet Moves $6.97 Million in $QNT

Lookonchain reported that wallet 0x48E9, linked to Quant’s founder, transferred 25,776 $QNT worth approximately $6.97 million to newly created wallets after seven years without activity. The address still holds 600,000 $QNT, valued at approximately $160.39 million at the reported price.

The transfer represents only about 4.3% of the wallet’s remaining $QNT balance. The newly created addresses are now being watched closely as $QNT trades at levels far above those seen before the September rally. The transaction comes after $QNT’s market capitalization expanded rapidly. Current data places the token near $300, with a market capitalization around $4.3 billion and seven-day gains above 300%.

The Clearing House Deal Reprices Quant’s Institutional Story

The catalyst behind the move is Quant’s selection by The Clearing House to power its On-Chain Money Initiative. The U.S. payments operator said Quant will provide the interoperability, orchestration and transaction-management layer for a new network designed to clear and settle tokenized deposit transactions between financial institutions.

The system will connect with existing payment infrastructure including RTP and CHIPS, with participating institutions expected to gain access during the first half of 2027. The Clearing House processes more than $2 trillion in payments each day and is owned by 25 of the largest U.S. financial institutions.

The initiative puts Quant’s enterprise technology directly into a U.S. banking infrastructure project focused on tokenized commercial bank money, automated settlement and 24/7 payment flows.

$QNT Price Analysis: $400 Becomes the Major Test

$QNT’s weekly chart shows the token breaking out of a multi-year consolidation structure. For much of 2022 through mid-2026, Quant price remained below the $200–$250 region. The September rally broke through that range and accelerated sharply, taking $QNT above $300 before reaching a high near $372.

Quant Price Surges 5X in Days as Founder Wallet Moves $6.97M QNT — Can QNT Break $400? image 2

The next major resistance sits between $360 and $400. The upper boundary is particularly important because it represents the major supply zone visible on the weekly chart. A sustained weekly close above $430 would put the market into a significantly higher trading range, with $500 and $600 becoming the next psychological levels.

The breakout structure now has three important zones:

$360–$400: major resistance

$240–$260: first major support

$200–$220: broader breakout support

$QNT’s September volume spike has accompanied the price move. Daily trading volume reached nearly $1 billion on September 30, compared with less than $100 million during much of the pre-rally period.

What’s Next for Quant ($QNT)?

$QNT enters October after one of the most aggressive monthly repricings in the crypto market, with the token moving from the $60 area to above $300 in a matter of weeks. The Clearing House deployment has placed Quant inside a major U.S. tokenized-money initiative, while the dormant founder-linked wallet has brought a large $QNT balance back into focus.

The nearer-term price discovery will be determined first by whether $QNT can reclaim its recent high and absorb the supply around $400.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Tech Stocks Plunge, Safe-Haven U.S. Treasury Trades Return? 10-Year U.S. Treasury Yield Drops to Three-Week Low

If AI capital expenditure slows down, a sudden halt in computing power construction will severely impact the supply chain while lowering market expectations for demand in electricity, commodities, and high-end hardware. This not only leads to a correction of overvalued assets, but also undermines growth expectations and inflation premiums, ultimately benefiting bonds. This logic is highly similar to the macroeconomic landscape during the bursting of the internet bubble in 2000, when the Nasdaq collapsed and the yield on 10-year US Treasury bonds dropped from a high of 6.5% to the 4% range.

华尔街见闻•2026/10/15 08:29

BlackRock (BLK.US) Q3 Conference Call: Huge Financing Demand for AI Infrastructure, Computing Power May Become a New Asset Class

BlackRock (BLK.US) will release its third-quarter 2026 earnings before the US stock market opens on October 14, followed by a conference call.

智通财经•2026/10/15 08:19
BlackRock (BLK.US) Q3 Conference Call: Huge Financing Demand for AI Infrastructure, Computing Power May Become a New Asset Class

Approaching the "Death Cross"! Korean stocks hit "Black Thursday", KOSPI continuously falls below the 200-day moving average, is a prolonged bear market coming?

Hit hard by rising US inflation and concerns over AI profitability, Korean stocks plummeted 7.57% in a single day on October 15, with two major indices triggering circuit breakers for the first time in two and a half months. Foreign investors have cumulatively sold over 16 trillion won ($12 billion) in eight days. Technical indicators are flashing warnings: the KOSPI has fallen more than 8% below its 200-day moving average, and if it cannot recover within two weeks, the probability of a prolonged bear market is as high as 43%; a "death cross" is expected to form after 16 trading days. The Q3 earnings season will serve as the final validation point.

华尔街见闻•2026/10/15 08:12
Approaching the "Death Cross"! Korean stocks hit "Black Thursday", KOSPI continuously falls below the 200-day moving average, is a prolonged bear market coming?