If the footage for PR-46 — INDOPACOM 2024 is inverted:

And the description is examined:

"(...) a football-shaped body with three radial projections: one oriented vertically, and two oriented downward at a 45-degree angle relative to the major axis of the main mass."
source: https://www.dvidshub.net/video/1006106/dow-uap-pr46-unresolved-uap-report-indopacom-2024

Then a surveillance aerostat such as the Raytheon JLENS (Joint Land Attack Cruise Missile Defense Elevated Netted Sensor System) is a very good fit, however apparently retired in 2015:

modified from source: https://upload.wikimedia.org/wikipe..._launch_at_White_Sands_120224-A-UY615-006.jpg

Lockheed Martin TARS (Tethered Aerostat Radar System) is also a very good fit and still in active service:

source: https://upload.wikimedia.org/wikipedia/commons/9/9d/OAM_Aerostat_TARS_Deming_New_Mexico_(16715553462).jpg

The rippling effect in the footage seems to originate from atmospheric turbulence, but it could also be partially produced by the aerostat deflating subjected to the wind.