DeFiBearishThe Block · 4h ago7/10
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‘Most difficult day in the history of digital credit’: Strive CEO says leverage liquidation drove STRC and SATA selloff
STRC and SATA tokens, designed to maintain $100 par value, experienced significant selloffs on Thursday driven by leverage liquidation cascades, according to Strive CEO commentary. The event represents acute stress in digital credit markets, with partial recovery occurring after the initial decline.
