Analysis
Quant Went From $61 to $373 in Ten Days. Here's What the Volume Shows
QNT rose about sixfold between September 17 and 27, printing its highest price since September 2021. A week later it trades a third below the peak — on volumes still more than a hundred times August's.
Quant is not a token that usually leads crypto rallies. The project builds Overledger, software meant to connect different blockchains and enterprise systems, and for most of 2026 its QNT token closed between about $55 and $85. On September 17 it closed at $61.20, on about $0.7 million of Binance spot volume.
What followed was one of the most extreme moves of the year among established tokens. QNT rose 10% on September 22, 28% on September 24, and then accelerated: a 54% gain on September 26 and an 89% gain on September 27. The peak came in a single hour — between 22:00 and 23:00 UTC on Sunday the 27th, QNT went from about $228 to $373, before closing that hour at $344. That high was the token's most expensive price since September 2021, and roughly six times the September 17 close.
The volume tells the story of who arrived. Through early September, QNT rarely traded more than $1 million a day on Binance. On September 27 it traded $211 million, and on September 28 $240 million — the largest day in the token's history on the exchange, edging out a $208 million session from September 2021. The last two hours of the 27th alone saw about $75 million change hands. That is not a gradual repricing; it is a sudden flood of new participants into a market that had very little liquidity to absorb them.
The aftermath has been volatile, as it usually is. QNT fell as low as $195 on September 28, rebounded to $329 on September 30, and closed October 2 at $247.17. Early on October 3 it was trading around $254, about a third below the peak but still more than four times where the run started. Daily volume has cooled to around $80-110 million — far below the frenzy, but still a market transformed from the one that existed in August.