On-chain analytics firm Santiment, based on Ethereum Quant (QNT) detected whale activity. The company’s data, on the other hand, are of the kind that will excite investors. Here are the details.
According to Santiment, Quant processed 187 “six-digit” transactions on January 7. This represents the highest transaction since September 2021.
“After the last increase in whale activity on 30 December, there was a slight increase of 10%. Quant witnessed a much larger amount of transactions today. We detected 187 QNT transactions of $100,000 and above, the largest in 16 months.”
QNT token Continuing on the basis of the Quant Network, it has the purpose of establishing connections between blockchains. In addition, it has objectives such as reducing costs, facilitating new transactions and reducing the risks in these transactions.
Koinfinans.com As we reported, QNT price showed a green candle last week. The price has soared from $105 on Jan. 4 to as high as $116.
Santiment also says that while crypto markets are slowly recovering in 2023, they are tightly correlated with the equity market. According to the firm, breaking the link between the two markets would be positive for Bitcoin (BTC).
“Cryptocurrency market continues to recover in 2023 in terms of Ethereum and altcoins. After the FTX crash, the correlation between the S&P 500 and Bitcoin decreased, but it increased again. This break will be good for BTC.”
