ZachXBT Exposes $120M USDT Wallet Linked to XMR Surge as Tether Freezes $72M

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ZachXBT links wallet to <a href="https://jpykr.com/xmr-usd/">XMR</a> surge as Tether freezes $72M USDT

After a researcher named ZachXBT connected a major digital wallet to recent purchases of Monero cryptocurrency and a subsequent price increase, Tether blocked over $72 million in USDT on the Tron network.

Summary

  • 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

According to on-chain investigator ZachXBT, a Tron address (TA6YHqB2xh5HhfmC7WoLQaWmqq7Vv4zCoQ) received 120.2 million USDT on June 11th. The funds were then moved through various exchanges and across different blockchains.

After the initial transfer, the money went to various places. According to ZachXBT, over $12 million was sent to deposit addresses on KuCoin, and another $8 million was routed through instant exchange services.

An additional $8 million in cryptocurrency moved from Tron to Bitcoin and Ethereum using Near Intents. This transfer occurred around the time Monero’s value was rapidly increasing, which sparked interest.

According to ZachXBT, on June 11th, the Tron address TA6YHqB2xh5HhfmC7WoLQaWmqq7Vv4zCoQ received 120.2 million USDT and then sent over $12 million to Kucoin deposit addresses and $8 million to several immediate exchange services.

Monero orders linked to XMR spike

As an analyst, I’ve been following the recent Monero price action, and ZachXBT has pointed out something interesting. He’s identified a single entity placing significant Monero orders, and he believes these orders directly correlate with the price jump we saw from around $330 to $420. It suggests a deliberate attempt to influence the market.

According to ZachXBT, someone made large Monero purchases that quickly drove the price up from $330 to $420.

As a researcher tracking Monero, I observed that it recently traded around $357.20, according to our data at crypto.news. Over the past 24 hours, the price fluctuated significantly, ranging from a low of $345.09 to a high of $438.06 – a pretty substantial swing.

The cryptocurrency traded $291.3 million worth of its tokens in the last 24 hours, giving it a market value of about $6.7 billion. Its price had increased by over 3% in the last day and nearly 10% over the past week.

This activity highlighted how easily Monero’s price can change. Because Monero isn’t available on as many exchanges as other popular cryptocurrencies, large buy or sell orders can significantly impact its price.

Tether freezes related Tron address

According to ZachXBT, Tether blocked a Tron address containing approximately 72 million USDT. Whale Alert confirmed that 72,030,295 USDT was frozen on the Tron network on June 12th.

I just learned from ZachXBT that Tether has blacklisted an address – TBzrPEsStbZAUx2SBhD4oHz8UW3FX9Ak9W – which appears to be connected to the Ta6YHq address and held around 72 million USDT.

The recent freeze demonstrated that stablecoins controlled by a central issuer can be stopped directly through the token’s code. This differs from cryptocurrencies like Bitcoin and Monero, where no single entity can prevent transactions from being made.

Earlier this month, as crypto.news detailed, Tether temporarily blocked approximately $515 million in USDT tokens on both the Ethereum and Tron networks. The majority of these frozen funds were held on the Tron network.

Monero rally follows earlier demand

I’ve been tracking Monero closely, and this recent wallet activity follows a period of increased market interest. As I noted earlier, XMR’s price jumped above $350 on June 11, fueled by significant daily gains.

The previous increase in activity was likely due to interest in privacy coins, the addition of Passport Prime to Cake Wallet, and a fresh focus on Monero’s security. A recent report from ZachXBT also suggests that increased liquidity played a role.

Monero is still a leading privacy-focused cryptocurrency. It’s built to conceal the details of transactions – who sent the money, who received it, and how much was transferred – offering users greater privacy and making it more difficult to trace funds.

Traders are now focused on whether XMR can stay above $350. If it does, there’s a chance it could climb back towards $400, suggesting the recent price increase might be a genuine breakout. However, if it falls below $350, it could indicate the price jump was just a temporary surge caused by quick trades.

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2026-06-12 12:29