Quant (QNT) is up 161% in a week and 58% in a day, but the news behind it is three days old

Quant's QNT token is up about 161% over seven days and 58% in the past 24 hours, according to CoinGecko, making it the largest coin by market value on this morning's movers list. It traded near $164 at about 7:40 AM ET on Coinbase, where it touched $194.50 overnight. At that price QNT is worth about $2.4 billion.

We covered Quant on Friday, when it was about $98. Most of the gain since then came in one burst on Saturday evening, and that burst is the new part of this story.

The numbers, all of them

Figures from CoinGecko at about 7:38 AM ET.

Read the rows together. Almost the entire 30-day gain happened in the last four days: QNT closed at $70.68 on Coinbase on Wednesday, before the bank news. And even after tripling in a month, the token is worth well under half of what it was five years ago.

What happened Saturday night

Coinbase's hourly prices show QNT drifting between about $115 and $125 through Saturday afternoon. At around 6 PM ET it began to climb: $143 by 7 PM, $151 by 8 PM, and above $190 within the 9 PM hour, the busiest of the day. It hit its peak of $194.50 in the 1 AM hour and has since given back about 16% of that high.

The number behind that move is volume. CoinGecko tracked about $547 million of QNT trading in the past 24 hours. Over the previous 90 days the median day was about $8.7 million, so roughly 60 times normal. Binance was the largest venue at about $98 million, followed by Coinbase at about $61 million.

Our churn ratio, 24-hour volume divided by market value, is about 0.23. That is high for a coin of this size but far below the tokens on our list where more than the whole market value changed hands in a day. One thing that sets QNT apart from many movers: CoinGecko shows about 14.5 million tokens circulating out of a 14.6 million maximum, so there is no large locked supply waiting to come onto the market.

The cause: real news, but not new news

Two announcements from Thursday, September 24, are real and verified. The Clearing House, the bank-owned operator of the RTP and CHIPS payment systems, said Quant's software will run the orchestration layer of its tokenized-deposit network, expected in the first half of 2027. The same day, seven UK banks including Barclays, HSBC and Lloyds completed the first live customer transactions with tokenized sterling deposits on a shared platform built by Quant, CoinDesk reported.

Weekend coverage, including CryptoPotato, attributes Saturday's surge to that same Clearing House deal. We looked for anything newer and did not find it. The CoinDesk, Cointelegraph, Decrypt and The Block news feeds carried no Quant announcement dated Saturday or Sunday, and a general news search turned up only reports pointing back to Thursday. We cannot tell you why the market repriced three-day-old news by another 60% on a Saturday night, and we are not going to guess.

One point from Friday still stands. Neither The Clearing House release nor the UK banks' project mentions the QNT token. Both are contracts for Quant's software, and the money moving on them is bank deposits. How much of that business ever reaches holders of the token is a question the announcements do not answer.

Live prices are on our crypto prices page, the full list of big weekly gainers is on /movers, and the token tracker covers smaller tokens with pool liquidity and buy-sell pressure.

Sources: CoinGecko and the Coinbase Exchange public API, pulled September 27, 2026 between about 7:35 and 7:40 AM ET; The Clearing House; CoinDesk; CryptoPotato. Crypto prices move constantly and these figures will have changed. This is market information, not investment advice, and The Company Chronicle holds no position in any token mentioned.