The use of artificial freezing can change the mechanical properties of marine clay. In the construction of cross passages in metro tunnels in which the artificial ground freezing (AGF) method is applied, freeze–thaw circulation and cyclic loading could weaken the engineering properties of the clay, thus resulting in differential settlement. In this paper, the authors studied the dynamic properties of frozen–thawed soils under cyclic loading, with the help of dynamic triaxial testing. According to the dynamic triaxial test results and the images from scanning electron microscopy (SEM), the authors explained the weakening effect of both the freeze–thaw cycle and dynamic loading on soft soil. After freezing, the number of large pores increased. In addition, after cyclic loading, the pore structure of the soil showed a tendency towards compaction, which led to the large pores breaking into small ones. Subsequently, the potential reasons for the change of macroscopic dynamic characteristics were explained from a micro-scale point of view.