Quant Network Wallet linked to the founder inactive 7 years later transferred 25,776 units QNT
BIBIBI
AT A GLANCE
PANews stated that Quant Network the founder's wallet remained inactive for 7 years before transferring 25,776 units to a new wallet QNT。
Article
Quant Network Founder inactive 7 years later, transferred approximately 25800 units QNT, valued at 6970000 USD
PANews September 30 According to news, Lookonchain monitored that Quant Network the founder's wallet (address 0x48E9), after remaining inactive for 7 years, transferred 25,776 units of QNT(valued at 6970000 USD) to a new wallet. The wallet currently still holds 600000 units of QNT, valued at 160390000 USD。
PANews, citing Lookonchain's monitoring, reported that Quant Network the founder's wallet address is 0x48E9.
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The wallet, after remaining inactive for 7 years, transferred 25,776 units of QNT to a new wallet.
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The report valued the transferred QNT at 6970000 USD。
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The wallet currently still holds 600000 units of QNT, with the report valuing it at 160390000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report describes QNT as being transferred from one wallet to a new wallet. The original text does not state that these QNT were sold, nor does it state who controls the new wallet.
Why it matters to readers
The transfer involved a relatively large amount, and the original wallet was described as having remained inactive for 7 years, so subsequent fund flows warrant attention.
Beginners should distinguish between a “wallet transfer” and a “sale”: this news item only clearly mentions a transfer to a new wallet, so it cannot confirm that a sale occurred.
Risks and unknowns
Whether the wallet actually belongs to Quant Network the founder is based solely on Lookonchain's monitoring claim as cited in the original text.
The identity of the controller of the new wallet was not disclosed.
25,776 units QNT The purpose and subsequent flow of the transferred assets are unknown.
The original text provides no evidence of a sale or transfer to an exchange.
USD The price and calculation time used for the valuation were not specified.
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Related concepts
QNT
This term is not in the glossary yet. Browse related concepts in the glossary.
The destination information that must be verified when receiving or sending cryptocurrency; transfers are generally irreversible if it is entered incorrectly.
