Quant's QNT token has jumped 75% in 24 hours and 185% over the past week after The Clearing House selected the project to power its On-Chain Money Initiative. On-chain data shows address activity had already started climbing more than a week before the deal became public.
QNT trades near $180 after briefly topping $190 earlier today, extending a rally that has pushed the altcoin up 185% over the past week. A major US banking partnership appears to be the clearest catalyst, though on-chain data shows activity began heating up before the announcement went public.
The Clearing House Deal Behind the Rally
The Clearing House selected Quant on September 24 to power its On-Chain Money Initiative. The project will provide the interoperability, orchestration, and transaction-management layer for the network, letting financial institutions clear and settle tokenized deposits while connecting to existing 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's US payment networks settle more than $2 trillion every day, across wire, ACH, check-image, and real-time payments.
On-Chain Activity Rose Before the News
Active addresses exceeded 870 every day between September 16 and 23, according to Santiment Intelligence. They had not topped 792 at any point during the first half of the month. After the deal became public, active addresses jumped to 2,064 on September 24, the highest level in nearly a year, and QNT's price climbed 27% that day.
According to Santiment Intelligence: "$QNT's on-chain activity stepped up on Sep 16, eight days before its Clearing House headline."
Traders Warn Against Chasing the Move
Trader Crypto Patel said QNT has reached a couple of his price targets, but he warned against chasing the rally, predicting consolidation could pull the price toward $50 to $100 before the next move higher. EGRAG CRYPTO issued a similar caution, telling followers to buy retracements rather than chase a token that has already posted such a green candle.
Source: CryptoPotato
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