Dormant Whale Moves $9.76M In QNT To Kraken, New Wallets Show Activity

A long-dormant whale has resurfaced, moving 118,090 QNT, valued at $9.76 million, to Kraken. This address, which accumulated a large amount of QNT six years ago, remained inactive during the 2021 uptrend.

It only became active this month and still holds a substantial 200,000 QNT, approximately valued at $16.53 million.

Inactive for Six Years, whale moves 118.09K $QNT ($9.76M) to Kraken, missing $130M Profit.

Six years ago, the address accumulated 326K $QNT, valued at just $200K at the time, and remained inactive for 6 years.

It notably missed the 2021 uptrend, which could have brought its… pic.twitter.com/p1r3jllUj6

— Spot On Chain (@spotonchain) June 17, 2024

In addition to the whale’s activity, three relatively new wallets, all created within the last three weeks, have been transacting significant amounts of QNT. Each of these wallets has transacted 1,001 QNT, worth $80,000, within the past hour.