Quant Founder Wallet Moves $6.97M QNT After Seven-Year Hiatus
Quant (QNT)
Editor:
Eugene Serbin
Coinpedia.org reports that Quant’s native token, QNT, surged from approximately $60 in mid-September to an intraday high near $372, representing a gain of over 400% for the month. The rally coincided with a notable on-chain event where wallet 0x48E9, linked to Quant founder Gilbert Verdian, transferred 25,776 QNT worth about $6.97 million to newly created addresses after seven years of inactivity. This transfer accounts for roughly 4.3% of the wallet’s remaining balance, which still holds 600,000 QNT valued at approximately $160.39 million.
The primary catalyst for this price action is Quant’s selection by The Clearing House to power its On-Chain Money Initiative, a project aimed at clearing and settling tokenized deposit transactions between financial institutions. The Clearing House processes more than $2 trillion in payments daily and is owned by 25 of the largest U.S. financial institutions, with the new network expected to connect with existing infrastructure like RTP and CHIPS. Participating institutions are projected to gain access during the first half of 2027, integrating Quant’s interoperability and orchestration layer into U.S. banking infrastructure.
Following the breakout from a multi-year consolidation structure below $200–$250, QNT entered a new trading range with a market capitalization near $4.3 billion. Daily trading volume spiked to nearly $1 billion on September 30, up from less than $100 million during the pre-rally period. Technical analysis indicates that the next major resistance zone sits between $360 and $400, with a sustained weekly close above $430 potentially opening paths to $500 and $600. This rapid repricing places Quant among the strongest-performing large-cap crypto assets of September, driven by both enterprise adoption and renewed attention on founder-held balances.
How the market reacted
Whalio's own Binance spot order flow for QNT, measured when this story was written up on 1 October 2026. Not the outlet's figures.
Whalio’s Binance spot data for QNT shows a price of $287.15, with a 24-hour buy ratio of 52.0% compared to lower readings of 48.3% for the 1-hour and 45.1% for the 4-hour windows. This indicates that buying pressure is building over the longer timeframe, as the 24-hour ratio exceeds the shorter-term metrics. The volume delta reflects this shift, showing a net positive inflow of +$8,653,028 over 24 hours, contrasting with negative deltas of -$327,278 and -$2,190,443 for the 1-hour and 4-hour periods respectively. A positive volume delta signifies that market makers are absorbing sell orders, while the buy ratio measures the proportion of trades executed by buyers versus sellers. Despite the recent price decline from the $372 high to the current level, the cumulative delta for the 24-hour close remains positive at +$4,707,332. Spot volume for the period reached $200,664,162 across 2,888,308 trades, with net buying occurring in 14 of the last 24 hours.
The latest daily buy ratio of 51.2% sits at the 72nd percentile of the last 322 days, against a median of 48.7% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for QNT, averaged over the days leading up to the story.
Over the preceding week, QNT experienced a 306.6% price increase, with volume reaching 2.13 times the average daily level. The buy ratio averaged 51.5% over seven days, with the latest day showing a slight increase of 0.6 points relative to that average. This consistency is highlighted by seven consecutive days of net buying, contributing to a total volume delta of +$27,610,297 for the period. Compared to the 24-hour buy ratio of 52.0%, the weekly average of 51.5% suggests that the current day’s buying intensity is broadly aligned with the recent trend rather than an outlier spike. The volume of $200,664,162 in the last 24 hours is consistent with the elevated activity seen throughout the week, which saw daily volumes significantly above normal levels. This sustained accumulation over the week underscores the aggressive repricing that moved the token from the $60 area to above $300 in a matter of weeks.