USDX has experienced a significant depeg, dropping to $0.3887. In response, a whale identified as 0xe454 invested $800,000 USDT to purchase 933,241 USDX at $0.8572, following a previous acquisition of 1.4 million USDX. The whale has submitted all holdings for redemption, aiming for a potential profit of approximately $135,000 if successful. Despite the strategic move, three hours have passed without a successful redemption, leaving the outcome uncertain. The whale's actions highlight the risks and opportunities in the volatile stablecoin market.