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ZachXBT detected that a TRON address received $120.2 million in Tether (USDT), which transferred over $12 million in USDT to the KuCoin recharge address and approximately $8 million in funds to the instant exchange platform. Subsequently, the creation of Monero (XMR) orders caused the XMR price to rise from $330 to $420. The address has been blacklisted by Tether for transferring over $8 million of funds across the Bitcoin and Ethereum networks through NEAR Intents.