Santiment: QNT up ~300% in four days, on-chain activity spiked with a lag
- —QNT roughly quadrupled from $90 at the September 24 close to $285 on September 27
- —Daily new addresses jumped from 351 on announcement day to 7,516 on September 27 — about 55x the early-September weekday average
- —Active addresses rose from 2,064 to 14,458 over the same two days
- —Open interest grew about 9x in dollar terms but only 2.2x in token terms
Why it matters: The rally was driven mainly by the announcement rather than confirmed bank demand for Quant's network, leaving the move's durability in question.
Source: Koin Bülteni