Tether has frozen more than $72 million worth of USDT on Tron after ZachXBT linked a large wallet to the recent purchase of Monero and a sharp rise in XMR prices.
summary
- ZachXBT tracked 120.2 million USDT moving across Tron, KuCoin, spot exchanges, and Near Intents wallets.
- Tether has frozen $72.03 million on Tron after a related address was blacklisted on Friday morning.
- XMR traded near $357 after rising towards $438, with the privacy coin’s liquidity in focus on Friday.
ZachXBT tracks a $120 million USDT wallet
On-series investigator ZachXBT He said The Tron address received $120.2 million USD on June 11 before the funds were moved across exchanges and cross-chain methods. Address defined as TA6YHqB2xh5HhfmC7WoLQaWmqq7Vv4zCoQ.
The money later moved in several directions. ZachXBT said more than $12 million went to KuCoin deposit addresses, while $8 million was transferred to spot trading platforms.
Another $8 million was transferred from Tron to Bitcoin and Ethereum through Nearby Intent. This activity attracted attention because it occurred before and during the strong move in Monero.
“Yesterday (June 11) TA6YHqB2xh5HhfmC7WoLQaWmqq7Vv4zCoQ received $120.2 million on Tron and started transferring $12 million to Kucoin deposit addresses and $8 million to several spot trading platforms,” ZachXBT said.
Monero orders are linked to the rise of XMR
ZachXBT said the same entity created large Monero orders. He linked these orders to XMR’s sharp move from $330 to $420.
“The entity created Monero orders which caused the price of XMR to rise from $330 -> $420,” ZachXBT said.
Monero later traded near $357.20. According to To crypto.news market data. XMR recorded a 24-hour trading range between $345.09 and $438.06, showing the breadth of the move.
The token’s 24-hour trading volume reached approximately $291.3 million, while the market capitalization reached approximately $6.7 billion. XMR was still up over 3% on the day and around 10% over seven days.
This move added new interest to the depth of the Monero market. Large orders can move XMR quickly because the asset has less exchange access than many tokens.
Tether freezes the relevant Tron address
Tether later blacklisted a related Tron address containing around $72 million USD, ZachXBT said. Whale Alert data showed 72,030,295 USDT frozen on Tron on June 12.
“A few minutes ago, Tether blacklisted an address directly linked to Ta6YHq worth $72 million: TBzrPEsStbZAUx2SBhD4o Hz8UW3FX9Ak9W,” ZachXBT said.
Freezing shows how issuer-controlled stablecoins can be halted at the token contract level. This makes USDT different from assets like Bitcoin or Monero, where issuers do not control transfers.
Ditto I mentioned By crypto.news Tether froze about $515 million worth of USDT across Ethereum and Tron over a 30-day period in May. Tron accounts for most of those frozen balances.
Monero’s rise follows previous demand
The wallet activity came after Monero had already seen stronger interest in the market. As mentioned earlier, XMR It rose above $350 After double-digit daily gains on June 11.
This previous move was related to demand for privacy coins, Cake Wallet’s Passport Prime integration, and renewed interest in Monero’s security audits. ZachXBT’s latest report added a separate liquidity-based angle.
Monero remains one of the largest privacy coins by market cap. Its design hides transaction sender, recipient, and amount details by default, making it attractive to privacy users and difficult for investigators to trace.
The latest price action now leaves traders watching whether XMR can hold above the $350 area. A return towards $400 would keep the breakout debate alive, while a loss of support would show that the rally was mainly driven by short-term order flow.
