🚨 Why did QNT coin explode from around $60 to over $350?
Over the course of days, QNT has become one of the most attention-grabbing coins in the market, after the U.S. Clearing House announced that it selected Quant technology to participate in a new network for settling tokenized bank deposits and connecting them to U.S. payment systems such as RTP and CHIPS. The network is expected to begin offering its services to participating institutions during the first half of 2027.
The story gained even more momentum after UK Finance announced that UK banks executed real transactions using an infrastructure built on Quant.
But the surprise is that the massive jump on September 27 was not due to a new banking announcement that day; the key news had been released on September 24, and then liquidity and speculation poured in strongly, causing trading volume to surge in an exceptional way.
Most importantly, this doesn’t mean banks will buy QNT directly; the announcements talk about using Quant technology, not purchasing the token itself, so the impact of the news on actual demand for QNT remains up for debate.
Over the course of days, QNT has become one of the most attention-grabbing coins in the market, after the U.S. Clearing House announced that it selected Quant technology to participate in a new network for settling tokenized bank deposits and connecting them to U.S. payment systems such as RTP and CHIPS. The network is expected to begin offering its services to participating institutions during the first half of 2027.
The story gained even more momentum after UK Finance announced that UK banks executed real transactions using an infrastructure built on Quant.
But the surprise is that the massive jump on September 27 was not due to a new banking announcement that day; the key news had been released on September 24, and then liquidity and speculation poured in strongly, causing trading volume to surge in an exceptional way.
Most importantly, this doesn’t mean banks will buy QNT directly; the announcements talk about using Quant technology, not purchasing the token itself, so the impact of the news on actual demand for QNT remains up for debate.