[ZachXBT: A certain address received $120 million USDT and transferred funds, triggering a short-term surge in Monero; Tether subsequently froze the related address] According to a report by Jinse Finance, 'on-chain detective' ZachXBT stated that a TRON address received approximately $120.2 million Tether (USDT). The entity transferred over $12 million USDT to a KuCoin deposit address and moved about $8 million to multiple instant exchange platforms. Subsequently, the entity created Monero (XMR) orders, causing the XMR price to surge briefly from around $330 to $420. Additionally, the address transferred over $8 million through NEAR Intents for cross-chain transactions from the TRON network to the Bitcoin and Ethereum networks. A few minutes ago, Tether added an address directly linked to the aforementioned address to its blacklist. Currently, the flow of funds and the background of the address have not been further confirmed.