Strive CEO Proposes Suspending Fixed $100 SATA Token Issuance Amid 100K Share Short Interest

According to ChainCatcher, Strive CEO Matt Cole proposed suspending the issuance of new SATA tokens at a fixed $100 price over the past 30 days, citing increased short interest of approximately 1 million shares and current lending costs of roughly 70% annual rate. Cole suggested allowing market forces to determine the token's liquidation price instead, stating that maintaining issuance flexibility would increase short-selling risks and costs, potentially reducing long-term volatility and deterring speculative shorting despite possible near-term market swings.
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