Quant Network founder moved $6.97M in QNT tokens after a 7-year wallet silence.
Macro & Markets ·
A wallet associated with Quant Network broke a seven-year period of inactivity by moving 25,776 QNT tokens worth approximately $6.97 million to new addresses. The transaction marks the first movement from the address since 2017.
The wallet in question, labeled as belonging to Quant Network's founder or team, retains a substantial holding of 600,000 QNT valued at roughly $160.39 million following the transfer. In total, the address controls 625,776 QNT tokens valued at approximately $158.06 million.
The motivation for the transfer and the intended use of the moved tokens remain unclear. No explanation has been provided for why the wallet remained dormant for seven years or what prompted the recent activity.