Sahara AI, the project behind the SAHARA token, has launched an investigation into the token’s sudden 60% price drop and confirmed no security vulnerabilities were found in the token contract or products. The team also clarified that no team or investor tokens were sold during the crash, addressing community speculation.
On-chain data revealed a large transfer of 600 million SAHARA tokens, which the team explained was a pre-planned liquidity operation for a newly launched cross-chain bridge utilizing Chainlink’s CCIP. An additional 150 million SAHARA are planned for injection to provide further liquidity. The team emphasized that the bridge functions normally and no tokens were sold on the open market.
The price of SAHARA currently stands at $0.01527, a 60.19% decline from its previous level, according to CoinMarketCap. The exact cause of the sell-off remains under investigation, with the team promising to share findings publicly. Market participants are advised to monitor official channels and avoid decisions based on unverified rumors.
