ethereum:0x4a220e6096b25eadb88358cb44068a3248254675 A lot of posts coming out concerning the QNT founder
@gverdian dumping tokens -> nope. A large private wallet was moved as/after the Clearinghouse deal was announced. Tokens immediately have to be locked up for bank use when such a deal/contract comes to fruition. This is part of their process. There are only 14.8 million QNT tokens. That’s it. There will never be more. A lot of buying is underway, and liquidity is getting tight. Clearinghouse does over $2 trillion in business. The reason for a violent QNT price rise:
1) Original bank and corporate contracts -> token lockup: Bank of Japan, Bank of England, other European Banking subsidiaries
2) Retail Discovery
3) Continued bank and corporate contract growth, ie Clearinghouse,
$ORCL, possibly
$AMZN, etc
4) Retail Footprint Enlarges
5) Token scarcity beginning
6) Fear and greed throughout
The reason for the rumor mill concerning this wallet movement is also equally obvious. Longstanding retail holders with decently sized followings have likely sold, and they are seeking to double up on any retrace. Fear instills selling. Know what you hold here, ladies and gents. This is a top #5 crypto in the making. I do not doubt it will see the $1k mark and likely the $10k mark in the near future. This is a legitimate investment, not a meme coin.
NFA as always.