The cryptocurrency market's Fear & Greed Index plunged to an extreme low of 6 out of 100 in early 2026, signaling a period of intense market panic. Amid this backdrop, the $qONE token presale, associated with quantum-resistant cybersecurity firm qLABS, sold out its entire $950,000 allocation in less than 24 hours. The sale attracted $13 million in demand, far exceeding the available supply.
The token is backed by 01 Quantum Inc. (TSXV: ONE), a publicly traded cybersecurity company. The project holds two U.S. patents and utilizes NIST-approved IronCAP encryption technology, with enterprise clients including Hitachi, PwC, and Thales. The sellout during such extreme market sentiment was highlighted by crypto fund Kook Capital as "extremely bullish," noting the real threat of quantum computing to the crypto sector.
The Token Generation Event (TGE) is scheduled for 24–48 hours after the sale closure, with $qONE set to launch on the HyperEVM and be tradable on the Hyperliquid exchange. Presale participants will claim tokens directly, with public round buyers receiving 100% of their tokens unlocked and immediately tradable at TGE, while community round buyers have a 15% initial unlock with the remainder vesting linearly over 12 months.
The presale price was set at $0.008 for the community round and $0.01 for the public round, implying a fully diluted valuation (FDV) between $8 million and $10 million. qLABS targets securing $20 billion in assets by 2028, capitalizing on a post-quantum cryptography market growing at a 44.2% compound annual growth rate (CAGR).
