A wallet suspected to be associated with Elwood, an institutional digital asset platform, transferred approximately $18.2 million worth of QNT tokens within one hour. The transactions were tracked by onchainschool.pro, revealing that the tokens were moved to another address under the same entity. These QNT tokens had been withdrawn from Coinbase about 24 hours prior. The movement highlights ongoing institutional interest in major cryptocurrencies, drawing significant attention from on-chain analysts.