Lookonchain
Two QNT wallets dormant for more than three years have moved tokens to exchanges as the asset has surged. Wallet 0x6d32 deposited 8,250 QNT, worth $1.88 million, into Binance.
Wallet 0xd633 moved 34,200 QNT, worth $8.05 million, after more than three years of inactivity. It has deposited 9,000 QNT, worth $2.12 million, into Coinbase and Kraken.
Why it matters
Transfers from long-dormant holders can put additional QNT within reach of exchange buyers and sellers. The timing, following a recent price surge, makes the movements a potential signal of selling pressure.
Market impact
The reported exchange deposits total 17,250 QNT, valued at $4 million. The seed does not say that these tokens were sold, so the deposits indicate potential supply rather than confirmed selling. The remaining 25,200 QNT moved by 0xd633 is not reported as deposited to an exchange.
Frequently asked questions
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How much QNT did the two dormant wallets move?
Wallet 0x6d32 deposited 8,250 QNT into Binance. Wallet 0xd633 moved 34,200 QNT and deposited 9,000 QNT into Coinbase and Kraken.
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How much QNT was reported deposited to exchanges?
The reported deposits total 17,250 QNT, valued at $4 million.
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Which exchanges received the QNT deposits?
The reported deposits went to Binance, Coinbase and Kraken.
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Were the deposited QNT tokens confirmed sold?
No. The reported movements show exchange deposits, but do not confirm that the tokens were sold.
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How long had the wallets been inactive?
Both wallets had been dormant for more than three years before the reported movements.
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