Quanto (QTO)

Wu learned that the crypto trading platform Quanto posted on Twitter announcing that trading will be suspended starting November 12, and at 3:30 UTC+8 all positions will be closed and unfilled orders cancelled; simultaneously, QTO debt will be settled at a uniform settlement price of $ 0.0012. After trading stops, the official site quanto trade will retain withdrawal functionality, allowing users to claim deposits (short downtime may occur during the process). The platform stated that despite gaining attention over the past four months, trading volume and user growth remain below expectations. https://t.co/b7rsraHAyr

goodnight $QTO (fka https://t.co/zgis2uM4jo)

Maximum Hype score for $QTO, Whales dump $580,000

$QTO (@quanto) is up 620% this week and 16% in the past 24 hours, amidst a market-wide selloff. Hype indicator for the asset has reached maximum levels (100) following a 148% growth in onchain holders (+3,919). Trading activity has also climbed during this time, and mostly organic (79%). $QTO is unarguably one of this week’s best performers.

However, onchain data shows top accounts exiting their positions, mostly taking profits. Net whale activity has swung to sales (majorly), a net $580,000 worth of the asset has been sold by notable holders; including

➡️This trader (https://t.co/EL2DLo452T) offloaded over $300,000 worth, exiting their position completely.

➡️ This wallet (https://t.co/1tXneyLTeF) exited its position as well. Selling $300,000 worth of $QTO at an average price of $0.033 per token.

➡️ Another top seller (https://t.co/WdgTZwaIz0); offloaded 9.8 million $QTO, realizing $370,000 $SOL.

$QTO remains in green, regardless…

What are your weekend predictions for $QTO?