Insane—$QNT is riding the perpetuals all the way to about 119.24, up about +22.16% in 24 hours. Opened at 97.61, high at 124.97, low at 96.46, with about 169 million U in turnover, and positions around 15 million U.

The anchor is solid: On 9/24, the U.S. The Clearing House officially announced the selection of Quant for the On-Chain Money Initiative’s interoperability/orchestration layer, and it also needs to connect RTP and CHIPS; the network plans to open to participating institutions in the first half of 2027. TCH itself says daily clearing exceeds $2 trillion.

Personally, I think this round is the bank infrastructure narrative igniting the price action—the news is real, but the price has already surged from around 97 to around 120. Before chasing, make sure you understand this clearly: the official hasn’t explicitly locked in that the QNT token must be used in the clearing network path.