Digital credit tokens STRC and SATA linked to Strive face a sharp selloff on Thursday, with both falling well below their stated target level before partially recovering. The Block and CoinDesk report that Strive CEO Matt Cole attributes the move to forced selling tied to leverage liquidations. According to Cole, leveraged investors are liquidated when market conditions move against their positions, triggering additional selling pressure that drives the tokens lower. Both outlets describe STRC and SATA as designed to trade near a $100 par value, which frames the magnitude of the decline. After the initial drop, the tokens rebound somewhat, suggesting the selloff may have been driven by trading flows rather than a permanent reassessment of value. The reports do not provide detailed breakdowns of the size of leverage or the liquidation mechanism, but they agree that leverage-related liquidations are a key factor behind the volatility. Overall, STRC and SATA show high short-term price swings—sharp declines followed by partial stabilization—during the day of the selloff.