Two whales dormant for over 3 years QNT transferred part of their assets to exchanges
BIBIBI
AT A GLANCE
PANews said that two long-dormant addresses transferred QNT and deposited part of the assets into exchanges, but it cannot be confirmed that they were sold 9930000 USD。
Article
Dormant for over 3 years, two whales have begun to awaken and jointly sell 9930000 USD of QNT
PANews September 29 news. According to monitoring by Lookonchain, as QNT has recently risen, a whale dormant for over 3 years began to awaken and sell. 0x6d32 deposited 3 years later into Binance 8250 tokens QNT（1880000 USD). 0xd633 transferred 3 years later 34200 tokens QNT（8050000 USD), and has deposited 9000 tokens into Coinbase and Kraken QNT（2120000 USD）。
PANews said that Lookonchain detected two addresses dormant for over 3 years showing QNT transfers.
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Address 0x6d32 deposited into Binance 8250 tokens QNT, valued in the article at 1880000 USD。
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Address 0xd633 transferred 34200 tokens QNT, valued in the article at 8050000 USD。
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Address 0xd633 has deposited 9000 tokens into Coinbase and Kraken QNT, valued in the article at 2120000 USD。
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The original article said that the above activity occurred amid QNT a recent rise.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Two addresses with no activity for a long period transferred QNT, some of which entered exchanges. Transfers to exchanges may be preparation for trading, but the transfer records themselves cannot prove that the tokens were sold in completed trades.
Why it matters to readers
A large amount of QNT entering exchanges may draw attention to potential selling pressure; however, the original article provided no trade records, so the actual amount sold and its market impact remain unclear.
Beginners should distinguish between “transferred to an exchange” and “already sold”: the former is an on-chain movement of funds that can be observed, while the latter requires evidence such as trade execution for confirmation.
Risks and unknowns
The headline says that the two addresses “jointly sold 9930000 USD of QNT”, while the body only clearly records transfers and deposits into exchanges and provides no evidence of actual trade execution.
The original article did not provide the relevant on-chain transaction hashes, so the transfers cannot be independently verified based solely on the materials provided.
The destination of the QNT transferred but not yet clearly deposited into an exchange cannot be confirmed.
It cannot be confirmed whether these operations have affected or will affect the price of QNT.
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Related concepts
Whale
An individual, institution, or organization that holds a large amount of a particular cryptocurrency and may significantly influence market prices through large-volume buying or selling.
