Two Quant (QNT) whale wallets that had been inactive for more than three years have started moving tokens to centralized exchanges, according to on-chain tracker Lookonchain. The activity came as QNT recently surged in price, prompting some long-dormant holders to turn active and sell.
Lookonchain said wallet 0x6d32 deposited 8,250 QNT into Binance after more than three years of inactivity. The transferred amount was valued at $1.88 million at the time cited in the update.
A second wallet, 0xd633, moved 34,200 QNT worth $8.05 million after a similar dormant period. Out of that amount, the wallet has already sent 9,000 QNT to Coinbase and another 9,000 QNT to Kraken, with those exchange deposits valued at $2.12 million in total.
Based on the figures provided, the value of QNT already transferred by the two wallets to centralized exchanges comes to roughly $4 million. The data point to renewed movement from long-inactive large holders as QNT’s recent price rise draws selling activity.
Two QNT whale wallets that had been dormant for more than three years have started moving tokens to centralized exchanges, according to Lookonchain, as the token’s recent price surge brought some long-inactive holders back on-chain.
Whale wallets resume activity
Lookonchain said wallet 0x6d32 deposited 8,250 QNT into Binance after more than three years of inactivity. The tokens were valued at $1.88 million.
Another wallet, 0xd633, moved 34,200 QNT worth $8.05 million after the same dormant period. It has already deposited 9,000 QNT to Coinbase and another 9,000 QNT to Kraken, with those exchange transfers valued at $2.12 million in total.
Using the disclosed figures, the QNT already sent by the two wallets to centralized exchanges totals about $4 million.
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