A wallet linked to Quant Network founder moved 25,776 QNT, worth about $6.97 million, after being inactive for seven years, according to on-chain tracker Lookonchain. The address, identified as 0x48E9, sent the tokens to several newly created wallets on Sept. 30, according to the report cited by BlockBeats. Despite the transfer, the wallet still holds 600,000 QNT with an estimated value of $160.39 million. The move stands out because of the wallet’s long dormancy and the size of the remaining holdings. No further details on the purpose of the transfers were disclosed in the source report.
According to BlockBeats, citing Lookonchain on Sept. 30, a wallet linked to the founder of Quant Network, address 0x48E9, moved 25,776 QNT after seven years of inactivity.
The transferred tokens were worth about $6.97 million and were sent to several newly created wallets.
The wallet still holds 600,000 QNT, with an estimated value of $160.39 million.
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