Quant’s token QNT saw its rally accelerate after a social media post from analyst Jan Nieuwenhuijs drew broad attention.
Nieuwenhuijs referenced his 2013 Bitcoin call and wrote in a new post: "Today I recommend everyone buy at least 1 QNT. Risk: lose $120, potential reward: $10,000." The post spread widely across social platforms.
Market data cited by BlockBeats showed QNT jumped 145% in one day, reached as high as $373, and climbed 430% over four days. By press time, the token had pulled back nearly 30% from its high and was trading at $253, giving it a market capitalization of $3.15 billion.
Nieuwenhuijs had been tracking Quant since June 2023
Historical records suggest the analyst’s interest in QNT did not begin with this latest rally.
He first started paying attention to Quant in June 2023. At that time, the Bank for International Settlements, or BIS, released a report on a "unified ledger," while Quant announced its work with BIS and the Bank of England on Project Rosalind. From that point, Nieuwenhuijs began posting about Quant’s Overledger and linking it to the unified ledger concept.
Quant’s partnership with The Clearing House moved into focus
On the news side, Quant Network announced on Sept. 24 that it had reached a partnership with The Clearing House, or TCH, a major U.S. bank clearing institution, to introduce onchain programmable money to the U.S. market.
Quant said it would provide the interoperability layer, allowing tokenized deposits to move freely within a regulated banking system. The company described the arrangement as an extension of related work it has already been doing in the U.K., Europe, and other regions.
Another official partnership may be announced in coming months, Jan says
Nieuwenhuijs also said he expects another official Quant partnership to be announced in the coming months, and that it could involve Project Agora.
Agora is a shared multi-currency platform for wholesale cross-border payments. Participating countries include France, Japan, South Korea, Mexico, Switzerland, the U.K., and the U.S. Participants also include HSBC, Citi, JPMorgan, Santander, Deutsche Bank, BIS, SWIFT, Visa, and Mastercard.
He also made a Bitcoin buy call in 2013
According to the report, Nieuwenhuijs is a Dutch independent gold analyst. Under the pseudonym Koos Jansen, he became known in the international gold market after being among the first to argue that Chinese gold demand had been seriously underestimated in the West and that central banks were quietly accumulating gold.
In 2013, he posted a message recommending Bitcoin: "I recommend everybody buy at least 1 Bitcoin. Risk: lose $300, potential reward: $10,000."