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USDX has de-pegged to $0.3887. A whale spent $800,000 USDT to "buy the dip," but has not yet successfully redeemed.

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BlockBeats reports that, as of November 7, according to Lookonchain monitoring, USDX has depegged to $0.3887. A whale with address 0xe454 noticed the depegging and spent 800,000 USDT to buy 933,241 USDX at an average price of $0.8572. This is a subsequent increase after purchasing 1.4 million USDX a week earlier. All tokens have now been submitted for redemption. If the redemption succeeds, the whale expects to make approximately $135,000 in profit. However, three hours have passed, and the redemption has not yet been completed.

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