A wallet linked to a Quant Network founder reportedly moved 25,776 $QNT, worth around $6.97M, to new wallets after sitting inactive for 7 years.
The wallet still holds roughly 600,000 $QNT, valued at around $160.39M. 👀
💰 $6.97M moved 🐋 ~$160M still held ⏳ 7 years dormant
The big question for $QNT holders: Is this simply a wallet transfer, or could a larger move be coming?
A potential sale of even a fraction of the remaining holdings could become a major liquidity event and put pressure on $QNT if those tokens reach exchanges.
🚨 Watch the wallets. Watch exchange inflows. Watch $QNT.
A community-driven payment meme coin aiming to build a decentralized ecosystem where users can securely transfer value while growing the Billcoin community.
No confirmed sell-off. No confirmed creditor distribution.
Just an on-chain transfer... yet the market reacted immediately.
Why?
→ BTC was already showing weakness → Traders fear additional supply hitting the market → $60K is once again being discussed as a potential downside target
The interesting part isn't the transfer itself.
Mt. Gox creditors have been waiting since 2014. Even after repayments began in 2024, a large portion of the process remains unfinished.
So the question is:
Is this simply wallet management and the market is overreacting?
Or could even a small percentage of creditor BTC, combined with ETF outflows and weak sentiment, create real selling pressure?
Markets often price in expectations before events happen.
Fear can move price long before supply reaches exchanges.