Incredible; This Trader Snip $Quant with 2 $Sol to Make $988k in 3 hour

This trader leveraged a relatively small capital outlay of $462 (equivalent to two SOL at the time of the transaction) to acquire 18.89 million Quant (QNT) tokens. The subsequent price movement of QNT proved pivotal.

The user whose Solana address is BsUTWpRfVc13GfmiVhGowABUqC9f6SBVykcDzGvHBinR, achieved a staggering 2,141x return on initial investment with two Solana (SOL) tokens, translating to a profit of $988,000 within three-hour period.

Shortly after, the individual strategically sold 3.71 million QNT tokens for 116 SOL, instantly realizing a profit of approximately $27,000. However, the true magnitude of the success lies in the remaining 15.18 million QNT tokens, valued at $962,000 at the time of the analysis.

As of the time of writing, Quant (QNT) is trading at $90.97, representing a 1.99% increase over the past 24 hours. Currently ranked 84th among cryptocurrencies, it boasts a market capitalization of $1.3 billion. Trading volume in the last 24 hours reached $83.2 million. The circulating supply stands at 14.5 million QNT tokens, very close to the total supply of 14.6 million.

$Quant Surge Following US Election Finale

Bitcoin’s recent all-time high of $93,434 has injected considerable optimism into the cryptocurrency market, with altcoins like $Quant (QNT) exhibiting strong performance. QNT has seen remarkable growth, achieving over 40% gains in the past week, currently trading at $91.34 and boasting a market capitalization exceeding $1 billion.

Additionally, technical analysis of QNT’s hourly chart reveals an ascending triangle pattern, a bullish indicator suggesting further price increases. The price is consolidating within this pattern, exhibiting higher lows and repeatedly testing the upper resistance at $95.5.

A decisive breakout above this level, confirmed by substantial trading volume, would strongly suggest continued bullish momentum, potentially propelling QNT towards a price target of $100–$108, as projected by the pattern’s measured move.

The Relative Strength Index (RSI) on the 1-hour chart shows a neutral-to-bullish trend, indicating further upward potential without immediate overbought conditions. Traders should closely monitor volume changes around the $95.5 resistance level for confirmation of a breakout.

“Analyzing the weekly chart reveals a significant rally from the historically robust support zone of $60–$65. This upward movement has positioned QNT near the crucial $95.5 resistance level, a previously significant barrier to further price appreciation,” an analyst opined.