A whale spent 800,000 USDT to "buy the dip" in USDX, but has not yet successfully redeemed it.

Source: odaily7 hour ago

According to Lookonchain monitoring, USDX has de-pegged to $0.3887. A whale (0xe454) noticed this de-pegging and spent 800,000 USDT to buy 933,241 USDX at an average price of $0.8572. This is his second purchase of USDX a week ago, after buying 1.4 million USDX. He has submitted redemption requests for all tokens, and if the redemption is successful, he expects to make a profit of approximately $135,000. However, as of now, three hours have passed, and he has not yet successfully completed the redemption.

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