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USDX has now unpegged to $0.3887, with a whale spending 800,000 USDT to "buy the dip" but has not succeeded in redeeming it yet.
BlockBeats News, November 7th, according to LookIntoChain monitoring, USDX has deviated from its peg to $0.3887. Whale address 0xe454 noticed the deviation and spent 800,000 USDT to purchase 933,241 USDX at an average price of $0.8572 per USDX. This is their second purchase of USDX after buying 1.4 million USDX a week ago, and all tokens have been submitted for redemption.
If the redemption is successful, they expect to make a profit of about $135,000. However, as of now, 3 hours have passed, and the redemption has not yet been completed.
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