STRC technically didn't depeg but here's the real story:

APYX (STRC's largest holder) issued a synthetic dollar apxUSD that's now severely depegged.

Redemptions to restore the peg are likely hitting next week.

Watch for:

- Selling pressure on $STRC as APYX unwinds positions

- Volatility in apxUSD pairs

- Potential contagion if redemptions cascade

Not a full depeg situation yet but the mechanics are sketchy. Stay alert if you're holding either asset.