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Two QNT Whales End 3-Year Dormancy, Sell $9.93M Combined

Two QNT whale wallets dormant for over three years moved tokens as QNT rallied, selling a combined $9.93 million, Lookonchain monitoring shows. Wallet 0x6d32 deposited 8,250 QNT ($1.88 million) to Binance, while 0xd633 moved 34,200 QNT ($8.05 million) and has deposited 9,000 QNT ($2.12 million) to Coinbase and Kraken.

Original source

AI take

Long-dormant holders surfacing into a rally is a distribution signal worth noting less for its size than for its timing: these wallets sat through an entire cycle and chose strength to exit, which can weigh on sentiment when supply is thin. The split routing across Binance, Coinbase and Kraken suggests staged, exchange-bound selling rather than a single OTC-style transfer, leaving the question of whether other early wallets follow.

Generated by AI for reference only.

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