ChainCatcher report, according to ZachXBT monitoring, an address starting with TA6YHq received 120.2 million USDT on the Tron chain, then transferred over $12 million to KuCoin deposit addresses and $8 million to multiple instant exchanges. This entity placed Monero orders, causing its price to briefly surge from $330 to $420. Additionally, over $8 million was cross-chain transferred from Tron to Bitcoin and Ethereum via Near Intents. Previously, Tether froze 72 million USDT in the address starting with TBzrPE directly associated with TA6YHq.
ZachXBT: Tether Freezes 72M USDT Address Linked to 120M USDT Receipt on TRON
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Summary
ZachXBT tracked an address starting with TA6YHq that received 120.2 million USDT on TRON. The address sent $12 million to KuCoin and $8 million to instant exchanges, subsequently triggering a Monero price surge from $330 to $420. On-chain data shows that $8 million was transferred via Near Intents to Bitcoin and Ethereum. Tether previously froze 72 million USDT in a related address, TBzrPE. Altcoins to monitor may include Monero amid such large-scale movements.
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