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Quant whales exit $10M after 400% rally sparked by major bank partnership news

Market News
29 Sep 2026
UToday
View Source
Neutral
Quant whales exit $10M after 400% rally sparked by major bank partnership news

Quant (QNT) whales who had been inactive since 2023 sold $10 million worth of QNT tokens following a 250-400% price surge triggered by The Clearing House's announcement of a partnership with Quant for tokenized deposits. Large holders moved their tokens to exchanges to take profits amid strong retail demand, causing a price correction from the peak near $373 back to around $241-$253. The partnership does not require banks to buy or use QNT tokens, which may explain the profit-taking despite the positive news. This move highlights how speculative rallies can prompt long-term holders to cash out when short-term excitement outpaces fundamental value.

Quant (QNT) is currently trading at Rp4.503.738 on Pluang, showing a 7.43% increase in the last day as of Sep 29, 2026 23:53 WIB. Despite the recent whale sell-off of $10 million following a sharp price surge, QNT maintains strong market activity with a 24-hour volume of Rp13,91 trillion and a market cap of Rp53,96 trillion. Pluang data also shows a slightly higher sell order activity at 54%, indicating some profit-taking among traders after the recent rally.

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