ZachXBT: $120M USDT Wallet Linked to XMR Surge, Tether Freezes $72M According to ZachXBT, a Tron address received 120.2 million USDT on Jun…
ZachXBT: $120M USDT Wallet Linked to XMR Surge, Tether Freezes $72M
According to ZachXBT, a Tron address received 120.2 million USDT on June 11 and subsequently transferred over $12 million to KuCoin deposit addresses, $8 million to instant exchanges, and another $8 million through Near Intents to Bitcoin and Ethereum.
The entity also placed large Monero buy orders, contributing to XMR’s surge from $330 to $420. Tether has since blacklisted a related address holding 72 million USDT.