ZachXBT links wallet to XMR surge as Tether freezes $72M USDT
Tether froze more than $72 million in USDT on Tron after ZachXBT linked a large wallet to recent Monero buying and a sharp XMR price spike.
- ZachXBT traced 120.2 million USDT moving through Tron, KuCoin, instant exchanges, Near Intents wallets.
- Tether froze 72.03 million USDT on Tron after a related address was blacklisted Friday morning.
- XMR traded near $357 after surging toward $438, keeping privacy-coin liquidity in focus today Friday.
ZachXBT traces $120M USDT wallet
On-chain investigator ZachXBT said a Tron address received 120.2 million USDT on June 11 before moving funds across exchanges and cross-chain routes. The address was identified as TA6YHqB2xh5HhfmC7WoLQaWmqq7Vv4zCoQ.
The funds later moved in several directions. ZachXBT said more than $12 million went to KuCoin deposit addresses, while $8 million moved to instant exchanges.
Another $8 million was bridged from Tron to Bitcoin and Ethereum through Near Intents. The activity drew attention because it happened before and during a strong move in Monero.
“Yesterday (June 11) TA6YHqB2xh5HhfmC7WoLQaWmqq7Vv4zCoQ received 120.2M USDT on Tron and began transferring $12M+ to Kucoin deposit addresses and $8M to various instant exchanges,” said ZachXBT.
Monero orders linked to XMR spike
ZachXBT said the same entity created large Monero orders. He linked those orders to a sharp XMR move from $330 to $420.
“The entity created Monero orders which caused the XMR price to spike from $330 -> $420,” said ZachXBT.
Monero later traded near $357.20. XMR recorded a 24-hour trading range between $345.09 and $438.06, showing how wide the move became.
The token’s 24-hour trading volume stood near $291.3 million, while market capitalization was around $6.7 billion. XMR was still up over 3% on the day and almost 10% over seven days.
The move added fresh attention to Monero’s market depth. Large orders can move XMR quickly because the asset has less exchange access than many top tokens.
Tether freezes related Tron address
ZachXBT said Tether later blacklisted a related Tron address holding about 72 million USDT. Whale data showed 72,030,295 USDT frozen on Tron on June 12.
“A few minutes ago Tether blacklisted an address directly related to Ta6YHq with 72M USDT: TBzrPEsStbZAUx2SBhD4oHz8UW3FX9Ak9W,” said ZachXBT.
Source: ZachXBT on Telegram
The freeze 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.
As previously reported by crypto.news, Tether froze about $515 million in USDT across Ethereum and Tron over a 30-day period in May. Tron accounted for most of those frozen balances.
Monero rally follows earlier demand
The wallet activity came after Monero had already seen stronger market attention. As previously reported, XMR rose above $350 after double-digit daily gains on June 11.
That earlier move was tied to privacy-coin demand, Cake Wallet’s Passport Prime integration, and renewed attention around Monero security audits. The latest ZachXBT report added a separate liquidity-driven angle.
Monero remains one of the largest privacy coins by market value. Its design hides transaction sender, receiver, and amount details by default, which makes it attractive to privacy users and harder for investigators to track.
The latest price action now leaves traders watching whether XMR can hold above the $350 area. A return toward $400 would keep the breakout debate alive, while loss of support could show that the spike was driven mainly by short-term order flow.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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