According to @lookonchain, USDX depegged to 0.3887 dollars, source: @lookonchain on X, Nov 6, 2025. A whale wallet 0xe454 quickly spent 800,000 USDT to buy 933,241 USDX at 0.8572 dollars immediately after the depeg, source: @lookonchain on X, Nov 6, 2025. This purchase adds to 1.4 million USDX acquired a week earlier, with the entire stack submitted for redemption, source: @lookonchain on X, Nov 6, 2025 and DeBank profile debank.com/profile/0xe454f0e8312ea34eaac839aadfca10af71b31f1c. If redemption succeeds, the estimated profit is about 135,000 dollars, source: @lookonchain on X, Nov 6, 2025. Three hours after submission, the wallet had not successfully redeemed, source: @lookonchain on X, Nov 6, 2025.

According to @MilkRoadDaily, exchange tokens gained about +21.4% after OKX began phasing out OKT with a fixed-rate swap into OKB, creating a sector tailwind for exchange-token plays, source: @MilkRoadDaily tweet on Aug 16, 2025. According to @MilkRoadDaily, the fixed conversion opened an arbitrage when OKB rallied, which propelled OKT sharply higher as traders exploited the spread, source: @MilkRoadDaily tweet on Aug 16, 2025.