Strive CEO Proposes Halting $100 SATA Issuance to Counter 1M Share Short Surge
2026-07-01 10:35

Woofun AI reports that Strive CEO Matt Cole is seeking market feedback on suspending the issuance of new SATA tokens at a fixed $100 price. This proposal addresses a 1 million share increase in short-selling interest over 30 days and annualized borrowing costs reaching 70%. Cole noted that while $100 remains the target, continued fixed-price issuance creates an "invisible ceiling" for investors. Shifting to market-determined liquidation prices aims to raise short-selling risks and costs, potentially reducing long-term volatility despite short-term market fluctuations.

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SATA
Matt Cole
Strive
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