The price of Quant (QNT) may experience a short-term decline due to potential selling pressure from early holders. According to Lookonchain data, a significant holder has deposited 118,008 QNT tokens, worth $9.78 million, into the Kraken exchange. This move follows a previous sale of 8,050 QNT tokens on Uniswap, which led to an 11% price drop. This event may trigger a selling spree or correction, especially in the current bearish market conditions.

Santiment's Age Consumed index supports this bearish outlook. The index suggests that dormant tokens are being moved, which can indicate short-term price tops or bottoms. Historical data shows that spikes in this index have been followed by price crashes. The recent uptick on June 17 suggests that QNT is due for a downtrend.

Additionally, Santiment's Supply on Exchange data indicates an increase in QNT holdings across centralized and decentralized exchanges, from 1.56 million to 1.68 million, between June 16 and 17. This 7.6% increase suggests that investors are sending their holdings to exchanges to realize profits, potentially leading to price tops or sell-offs.

In conclusion, the Quant price may experience short-term pressure due to early holder selling and increased supply on exchanges. While this does not necessarily mean a prolonged downturn, it highlights the importance of monitoring market trends and sentiment to make informed investment decisions.