BUSINESSTHE BLOCK
‘Most difficult day in the history of digital credit’: Strive CEO says leverage liquidation drove STRC and SATA selloff
Strive CEO described a challenging day in digital credit, citing leverage liquidation as the cause of significant declines in STRC and SATA before partial recovery. The assets, intended to trade near $100 par value, experienced a notable selloff.
Related Signal
Adjacent reporting
- Digital credit market hit by huge selloff as Strive CEO blames leverage liquidations
- Crypto liquidations reached $412 million over the past 24 hours
- XRP falls toward $1.10 as liquidation-driven selloff pushes token to multi-month lows
- Crypto market liquidations hit $820M as Bitcoin price taps $78K
- BTC just gave back all of May's gains in 48 hours: $657M in liquidations.
- Zcash selloff extends past 50% amid bug disclosure as liquidations top $100 million