Quant (QNT) Surges 260% in a Week, but This Trader Just Sold Everything: Here’s Why

"Even if I sold early and it goes higher, I’m happy with my decision," Doctor Profit stated. The cryptocurrency market has flashed red over the past 24 hours, with only a handful of altcoins remaining in green territory. Among them is Quant (QNT), whose price skyrocketed by triple digits in the last week. Many analysts anticipate additional gains in the near future, but one popular trader took a more cautious approach and cashed out his entire position. Check out why. Not a Comfortable Environment? Just a few hours ago, QNT exploded to a five-year high of approximately $370. The bears, though, prevented another leg up, and now the cryptocurrency trades around $205 (per CoinGecko), representing a 260% weekly jump. Perhaps the main catalyst driving the uptrend is the announcement that The Clearing House (one of the largest payment operators in the US) selected Quant to power its On-Chain Money Initiative. X user Ted outlined additional factors that may have also positively impacted QNT. He revealed that Quant is now built into Murex MX.3 (the software running 65 of the world’s 100 largest banks), while the European Central Bank picked the project to help test the digital euro. Despit...