Tron DAO Seizes $12M, Ethereum Investors Eye New Token Amid Whale Dump

Ethereum Investors Show Interest in New Token As Whale Dump Continues, Tron DAO Seizes $12M

The T3 Financial Crime Unit created by Tron, TRM Labs, and Tether has started operations by freezing about $12 million linked to fraudulent activity. In other news, Ethereum whales are on a dumping spree with an unknown address, sending 17,822 ETH to Binance.

Meanwhile, IntelMarkets has raised approximately $280k in its presale. Industry experts believe IntelMarkets’s upcoming AI-driven trading platform could transform the crypto trading space.

Tron (TRX) and Tether Freezes $12M LinkedIn To Illicit Activities 

After the official introduction of the T3 Financial Crime Unit (T3 FCU) task force, the TRON DAO has frozen more than $12 million in USDT due to its connection to criminal activities. 

This move comes less than a week after TRON DAO created a task force in collaboration with TRM Labs and stablecoin issuer Tether to deal with financial crime. In other news, the Tron crypto price is consolidating between $0.13 and $0.17 on the monthly timeframe. 

The TRX market cap is around the $11.5-$15 billion mark. While the Tron price movement has been bullish in the past month, the ongoing bear market has affected its trajectory. Many expected the cryptocurrency to climb to the $0.2 region. 

Despite the price drop, the value of the Tron coin is still trading above the 50-Day SMA ($0.142564) and 200-Day SMA ($0.129788). Still, Coincodex forecasts the price of the token might drop to $0.129265 in the coming weeks, making it one of the altcoins to watch.

Ethereum (ETH): Whale Moves 17,822 ETH To Binance 

Ethereum (ETH) is under high bearish pressure, as are the other coins in the market. While Ethereum crypto can use support from long-term holders, especially during a bear market, what is seen is mass sales from them. 

According to data from Whale Alert, a whale transferred over 17,822 ETH to Binance exchange. This transfer is most likely a dump and could affect Ethereum price movement in the short term. Presently, the Ethereum coin is trading between $2.2k and $2.8k on the monthly timeframe. 

Its market valuation is consolidating between $260 billion and $340 billion in the same timeframe. Analysts expect the altcoin price to climb the 50-day SMA at $2,645.36 to begin an uptrend. 

IntelMarkets Gains Traction in Presale Ahead of Potential Price Surge 

An upcoming dual-chain AI-based trading platform is making waves in the crypto market. The project, IntelMarket (INTL), which is in the presale stage, has raised over $280k from large and retail investors. Analysts forecast the value of IntelMarkets could increase by over 1,100% before the end of the year, making it a good cryptocurrency to buy. 

Notably, IntelMarkets uses more than one blockchain. The dual-chain structure allows IntelMarkets users to switch between the Ethereum and Solana blockchain. Benefits include low fees, fast transactions, high liquidity, high throughput, and increased scalability. This makes it possible for traders who use IntelMarkets’ real data feeds and automatic trading robots to notice any changes in the market. 

IntelMarkets also offers traders a 1000x leverage, which allows them to make more profits with little capital by taking advantage of price movements in the market. In addition to this, IntelMarkets has advanced trading tools like cutting-edge Rodeum AI™ robots, Intell-Array™ monitoring system, etc.

Why Are Ethereum Investors Eyeing IntelMarkets?

Although IntelMarkets is a new leaf in the cryptocurrency space, it has captured the attention of many investors, including those from the Ethereum community. Analysts forecast its AI capabilities and advanced trading tools will push it to the front of the crypto trading sector.

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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.