Quant’s QNT token surged 75% in 24 hours to over $180 after The Clearing House selected the project to power its On-Chain Money Initiative. The partnership, announced September 24, will allow financial institutions to settle tokenized deposits and connect with existing payment networks, including RTP and CHIPS. On-chain data from Santiment Intelligence shows activity began increasing over a week before the news. Active addresses topped 870 daily from September 16–23, then exploded to 2,064 on the announcement day, the highest in nearly a year. QNT is up 185% weekly, though analysts have cautioned investors against buying after such a parabolic move.
During a relatively calm weekend trading session, Quant’s QNT skyrocketed by 75% in the past 24 hours to over $180. A major US banking partnership appears to be the most evident catalyst.
On September 24, The Clearing House selected Quant to power its On-Chain Money Initiative. Quant will provide interoperability, orchestration, and transaction-management for the planned network. This will allow financial institutions to clear and settle tokenized deposits while connecting with existing payment infrastructure, including the RTP and CHIPS networks. Both parties expect to launch the system to participating institutions in the first half of 2027. The Clearing House says its US payment networks clear and settle more than $2 trillion every day.
However, activity around QNT started picking up over a week before the partnership made news. Santiment Intelligence stated that active addresses exceeded 870 every day between September 16 and 23, whereas they had not topped 792 during the first half of the month. New addresses were running at approximately 1.8 times their earlier September weekday average. After the announcement, active addresses exploded to 2,064 on September 24, marking the highest level in nearly a year. QNT’s price skyrocketed by 27% that day.
The asset is up by 75% since this time yesterday and by 185% weekly. It trades at $180 after briefly topping $190 earlier today. Crypto Patel, who outlined the significance of the $115 support recently, noted that QNT has reached a couple of his big targets. However, he warned that investors should not FOMO in and start buying now. He noted that consolidation and retracement become important after such a parabolic move, and predicted the price could settle somewhere between $50 and $100 before the next big move. EGRAG CRYPTO shared a similar warning, indicating that investors should buy the retracements on such occasions, as going blindly into a token that has posted such a green candle could prove counterproductive.
