Two Tron wallets holding over 22 million USDT were frozen under the monitoring of Whale Alert.
The amounts of USDT in these two wallets are approximately 12.8 million and over 11.3 million USDT, equivalent to a total value of about 24 million USD. This event has attracted significant attention from the global cryptocurrency community.
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Two on-chain Tron wallets were frozen with a total value of over 22 million USDT.
The largest wallet contains approximately 12.8 million USDT, while the other holds over 11.3 million USDT.
The event was monitored and verified by Whale Alert, creating significant impact on the cryptocurrency market.
What are the frozen Tron wallets containing large amounts of USDT?
Two Tron wallet addresses recently detected on-chain, holding a total of over 22 million USDT, according to Whale Alert data on July 26.
Among them, one wallet has a volume of 12,756,824 USDT, corresponding to a value of approximately 12,765,084 USD. The other wallet contains 11,308,430 USDT. This action reflects a high level of control and monitoring over large assets on the Tron platform and USDT stablecoin.
Freezing such large wallets helps reinforce market confidence in the transparency and legality of the cryptocurrency ecosystem.
Emily Taylor, CEO of a Blockchain Analysis Company, July 27, 2024
Why is freezing wallets containing USDT important for the cryptocurrency market?
Controlling and freezing large wallets containing cryptocurrencies like USDT helps mitigate risks of fraud, money laundering, and market manipulation, contributing to increased reliability in the global market.
With asset volumes in the tens of millions of USD, each transaction or change in status of these wallets can impact liquidity and prices in the global cryptocurrency market. Whale Alert is a useful tool for early warning of unusual symptoms.
How does Whale Alert monitor and what is its role in the market?
Whale Alert specializes in tracking large transactions across multiple blockchains, providing transparent, real-time data on high-volume asset movements.
The detection and alert of freezing wallets containing millions of USDT helps investors and organizations gain an overview to make informed decisions, minimize risks, and maintain market stability.
Frequently Asked Questions
How does freezing cryptocurrency wallets affect users?
Freezing large wallets helps protect users from fraudulent activities. However, the assets in those wallets will not be tradeable until unlocked, based on management decisions.
Is Whale Alert a reliable tool?
Whale Alert is trusted by the cryptocurrency community and many reputable organizations for providing accurate and timely updates on large transactions across popular blockchains.
Is USDT on Tron different from other platforms?
USDT on Tron operates faster, with lower transaction fees compared to Ethereum, enhancing liquidity efficiency in DeFi and cryptocurrency trading.
Can wallet freezing occur automatically?
Typically, freezing wallets involves regulatory organizations or exchanges based on legal orders, rarely done automatically by blockchain platforms.
Can users track frozen wallets?
Monitoring tools like Whale Alert help users transparently and publicly track transactions and the status of large wallets.
Source: https://tintucbitcoin.com/hai-dia-chi-tron-tren-10-trieu-usdt-bi-phong-toa/
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