Digital credit market hit by huge selloff as Strive CEO blames leverage liquidations

60-second summary

The digital credit market is experiencing a huge selloff, with Strive's STRC and SATA tokens plummeting sharply due to forced selling from leveraged investors, according to CEO Matt Cole, who attributes the decline to liquidations of these leveraged positions. The market is witnessing a significant correction, impacting investor sentiment and potentially leading to a broader market downturn.