Why Is Quant Down Today? QNT Falls 18.6% to $230.70

Quant (QNT) is down about 18.6% in the last 24 hours, trading near $230.70 as of September 28, 2026, 23:11 UTC, according to data from CoinGecko. Quant Network is the company behind Overledger, a system built to connect different blockchains and existing enterprise software, and QNT is the token used to license access to that network. Today's drop follows a much larger move in the other direction. QNT is still up about 242.7% over the past seven days, a gain built mostly in the six days before today, when the token climbed from around $67 to around $283, a jump of roughly 321% on its own. Today's 18.6% pullback gave back part of that run rather than reversing it outright. Trading volume over the past 24 hours reached roughly $1.23 billion, against a market cap of about $3.36 billion, a turnover near 36.5%. Three other top-100 coins, Jupiter (JUP), NEAR Protocol (NEAR), and Worldcoin (WLD), also cleared the same 10% move threshold in the same 24-hour window. No single confirmed catalyst is attached to the move in the data checked for this page.

The Short Version

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  QNT is down about 18.6% in 24 hours, to roughly $230.70.

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  It is still up about 242.7% over the past week, after climbing from around $67 to around $283 in the six days before today, a gain of about 321% on its own.

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  24-hour trading volume was roughly $1.23 billion, against a market cap of about $3.36 billion, a turnover near 36.5%.

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  Three other top-100 coins, Jupiter (JUP), NEAR Protocol (NEAR), and Worldcoin (WLD), also fell more than 10% in the same 24 hours.

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  Quant's price did not register as a new 90-day high or low, so today's swings still sit inside its trading range from the past three months.

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  QNT is an ERC-20 token on Ethereum, so moving it costs ETH gas fees separate from the QNT price itself.

What's Behind the Move

Quant's 18.6% drop looks large on its own, but it followed one of the sharpest run-ups of any top 100 coin this month. Based on the reported percentages, QNT traded near $67.31 seven days ago and climbed to roughly $283.47 by yesterday, a gain of about 321.1% across those six days on its own. Today's pullback then brought the price back to $230.70, giving back part of that run without erasing it. The weekly figure of positive 242.7% folds both moves into one number, which can read as a steady climb from a distance. It was not. A sharp six-day rally came first, then today's reversal. No confirmed catalyst ties to the timing of today's drop in the data checked for this page. Three other top-100 coins, Jupiter (JUP), NEAR Protocol (NEAR), and Worldcoin (WLD), also fell more than 10% in the same 24-hour window, which points toward a broader pullback across parts of the market rather than a QNT-specific event. The sections below break down that rally-and-reversal pattern, the volume behind today's drop, and how to check whether the move has continued.

Is an 18.6% Drop Large for a Coin That Just Rallied 321%?

Judged against a typical trading day, an 18.6% drop is a sharp move for any top-100 coin. Judged against what QNT had just done, it looks smaller. The token gained roughly 321.1% over the six days before today, so a partial pullback after a run that size is a common pattern rather than an unusual one. Quant carries a market cap of roughly $3.36 billion at the current price, implying a circulating supply near 14.5 million QNT, a notably small token count for a coin this size. A small supply can make percentage moves look larger than the same dollar shift would on a coin with a bigger float. The size of today's drop is not the unusual part of this story. The volume behind it is. A $1.23 billion turnover against a $3.36 billion market cap means roughly 36.5% of Quant's entire value changed hands in a single day, several times higher than what a quiet trading day usually shows for a token this size.

What Quant's Price Move Means When You Hold or Send QNT

At PipeFlare, we build our converters to price off the live rate rather than yesterday's number, which matters more than usual after a swing this size. Quant's QNT token is an ERC-20 token, a type of asset built on the Ethereum blockchain rather than on its own separate network. That means sending QNT costs ETH gas, paid in ETH, not in QNT itself, so the fee to move QNT does not change just because the QNT price did. What does change is the dollar value of any QNT balance, which moved by 18.6% today alongside the price. If you are checking what a QNT holding is worth in dollars right now, our crypto converter pulls a live rate rather than a stale one. For a plain-language look at how Ethereum gas fees work and why they can vary from one transaction to the next, our gas and gwei guide covers the basics.

How Quant's Price Moved Over the Past Week

Quant's seven-day gain of 242.7% blends two very different moves into one number. Based on the reported percentage changes, QNT traded near $67.31 seven days ago. It climbed to roughly $283.47 by yesterday, a gain of about 321.1% across those six days on its own. Today's 18.6% drop then brought the price back down to $230.70. That means most of the week's headline gain came from the six days before today, and today's move worked against that climb rather than adding to it. A reader who only sees the 242.7% weekly figure could assume a smooth ride upward. The real shape is a sharp rally followed by a partial reversal.

Is Today's Drop a Reversal or a Pause in Quant's Rally?

A single day of data cannot settle whether a pullback is the start of a longer reversal or a pause inside a bigger move. What today's numbers do show is scale. QNT gave back about 18.6% of a run that added roughly 321.1% over the prior six days, so even after today's drop, the token remains far above where it traded a week ago. The detector's own check for new 90-day highs and lows did not flag today's price as either one, which means QNT's current level still sits inside the range it has traded in over the past three months, despite the size of the past week's swings. That detail argues against reading today's drop as a break into new territory. It looks more like a retracement inside an already volatile stretch. Whether the retracement continues or stops here cannot be read from one day's numbers alone.

Is Quant's Trading Volume Confirming Heavy Selling?

A day's trading volume shows whether a price move drew broad participation or came from a few large orders in a thin market. Quant traded roughly $1.23 billion over the past 24 hours, against a market cap of about $3.36 billion. That puts roughly 36.5% of the token's entire value changing hands in a single day, an unusually heavy figure even for a token that just moved double digits. A turnover ratio this high usually points to broad activity on both sides of the trade rather than one large seller moving a quiet order book. It does not, on its own, prove the price will keep falling. Heavy volume on a down day can also mean buyers stepped in and absorbed selling at a lower price, which still shows up as high turnover without confirming which side won. What today's volume does rule out is a thin, low-participation setup, the kind that sometimes turns a small sell order into an outsized percentage move.

What Would Change This Read

Every number on this page is a snapshot, and the picture can shift by the time it is read. A confirmed, sourced catalyst would change how today's drop should be read. Candidates for an interoperability network like Quant's Overledger include an enterprise partnership update, a change in network licensing activity, or a broader pullback across the coins that rallied hardest over the past month. Today's data already shows three other top-100 coins, Jupiter (JUP), NEAR Protocol (NEAR), and Worldcoin (WLD), falling more than 10% in the same 24-hour window, which supports the broader-pullback reading over a QNT-specific one. None of that is confirmed as the cause in the price and volume data checked for this page. The read would also shift if QNT keeps falling over the next day or two, which would weaken the pause-in-a-rally framing above. Trading volume dropping back toward normal levels over the next few sessions would suggest today's heavy activity was a one-day event rather than the start of a longer unwind.

How to Check Quant's Live Price and Confirm These Numbers

Prices in crypto move continuously, so the figures above may already be stale by the time this page loads. Checking Quant's live price on CoinGecko is the fastest way to see which direction the token has moved since publication, and the page there also shows current trading volume and market cap for comparison against the figures above. Quant Network's own site covers Overledger itself, the interoperability system the QNT token licenses access to, for anyone checking whether the project's fundamentals have changed alongside its price. Anyone holding or about to send QNT can also run the current price through PipeFlare's crypto converter to see what a given amount is worth in dollars right now, rather than relying on the figures published here once they age.

Bottom Line

Quant's roughly 18.6% drop follows a six-day rally that added about 321.1% on its own, leaving the token up 242.7% for the week even after today's pullback. The move did not register as a new 90-day high or low in the detector's own check, so QNT's price still sits inside its recent three-month range despite the size of the swings. Volume near $1.23 billion, about 36.5% of the token's market cap, is far heavier than a quiet trading day would show, more consistent with broad activity on both sides than a handful of large orders in a thin market. Three other top-100 coins, Jupiter (JUP), NEAR Protocol (NEAR), and Worldcoin (WLD), also fell more than 10% in the same 24 hours, which points toward a wider pullback rather than a QNT-specific event. No confirmed catalyst is attached to the timing of today's drop. Whether the retracement continues cannot be settled from one day of data. Anyone deciding what today's move changes, or just checking what sending QNT will cost in dollar terms, should pull the live numbers before acting.

Common Questions

Sources

• ↗CoinGecko, Quant live price and market data
• ↗Quant Network official site

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