Reviewed by Reviewed by Jacob Thomas Updated 06:30 EDT September 30, 2026 Share Share Share Back to Top Quant [QNT] is extending its explosive rally, yet profit-taking risk is looming with the latest move
However, the price of Quant did not have a smooth upward momentum. Instead, QNT first rose towards $330 before retracing towards $232. Later on, it then regained momentum and was trading near $280 at press time
Notably, the 250% increase in Quant‘s value during the week has resulted in additional unrealized profits for those who have purchased recently
Still, this recovery shows that there are still many buyers active in the market. However, the $300 area is becoming an important testing ground for these buyers
At the same time, the RSI stood at 68.04, indicating that bullish momentum remained elevated despite cooling from earlier overbought conditions. After previously recording readings above 80, QNT could still see another push higher before profit-taking activity intensifies
Quant’s recent momentum is now facing a new supply issue with the entrance back onto the market of a dormant founder’s wallet. The wallet had been inactive for approximately seven years but recently moved 25,776 QNT worth roughly $6.97 million to new wallets
This movement represents the first time this wallet has been active since it became dormant. The fact that the tokens were transferred to new wallets raises several questions regarding the holder’s motivation after the price explosion on QNT
However, the fact that the tokens did not move to a centralized exchange indicates that there may be no immediate intention by the holder to sell those tokens
The larger concern comes from the wallet’s balance of 600,000 QNT, worth $160.39 million. If more of that balance moves toward exchanges, traders could anticipate additional supply and become more cautious
Thus, it appears that some or all of those who sold their QNT at the top of the rally have begun to reposition their assets. For now, the transfer adds uncertainty to QNT’s rally without confirming that selling has begun
Muriuki Lazaro is a on-chain data analyst with a B.Sc. in Data Science. Muriuki specializes in dissecting complex on-chain data into clear and accurate insights for readers in the crypto ecosystem, with a particular focus on Bitcoin
