USDX has unpegged to $0.3887, with a large investor, referred to as a whale, spending 800,000 $USDT in an attempt to buy the dip. However, this effort has not yet resulted in a successful redemption of the asset. The current market dynamics surrounding USDX indicate significant volatility, prompting the whale’s decision to invest in the hopes of capitalizing on lower prices. Despite the substantial investment, the whale’s strategy has yet to yield the desired outcome, leaving the situation uncertain. Market observers are closely monitoring the developments regarding USDX and the potential implications of this transaction.
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