Quant Faces Profit-Taking Risks Amidst Potential $330 Rally

Quant (QNT) is experiencing a significant rally, recently trading near $280 after reaching $330 and retracing to $232. While the asset saw a 250% weekly increase, the $300 level remains a critical test for buyers. A dormant founder's wallet recently moved 25,776 QNT, worth approximately $6.97 million, to new addresses, marking its first activity in seven years. Although the tokens were not moved to a centralized exchange, the wallet holds a total of 600,000 QNT, valued at $160.39 million, raising concerns among traders about potential future supply increases.