I had this with a Maxxis Advantage. Made the wheel look buckled yet it was seated properly and evenly on both sides and the wheel was indeed straight.
Not sure if it was always like this or whether it was because on the first attempt at inflating tubeless, I put too much pressure in it getting it to seat well and it blew off the rim.
Riding it fairly extensively didn’t improve the wobble.
I think there was another post recently about a rippled sidewall and wobbling UST tyre on here recently, because it burped whilst they were riding it.