Quant (QNT) Jumps 54.89% to $187.02, but 77.4% of Volume Is Wash Trading
- —QNT rose 54.89% to $187.02 on reported 24-hour volume of $710 million
- —77.4% of on-chain volume flagged as wash trading; only $38.27 million deemed legitimate
- —Net inflow of 20,670 QNT to exchanges signals sell pressure
- —Seven accumulator wallets holding 3,693 QNT route funds to Coinbase, Binance and Gate.io
Why it matters: The QNT rally may be artificial; if wash volume withdraws, a sharp reversal is likely, so watch exchange net flow.
Source: Coincu