The SaharaAI project moved quickly to restore Ethereum-based SAHARA token liquidity on its Cross-Chain Interoperability Protocol (CCIP) bridge pool, while simultaneously denying that team or early investor token sales triggered the sharp price drop. The token lost approximately 46%–60% of its value in a single day, prompting intense community scrutiny.
According to an official announcement, the CCIP bridge pool now operates normally, enabling transfers of SAHARA tokens across supported networks. The team stressed that no security breaches or vulnerabilities were found in the bridge or smart contracts. Previously, on-chain transfers had raised suspicions, but SaharaAI clarified those were scheduled moves to seed liquidity on the BNB Chain bridge, not sales.
The June 9 crash, which saw SAHARA tumble from around $0.03 to $0.013, was attributed to a cascade of futures liquidations. The team explained that leveraged long positions had accumulated to an all-time high in the three weeks prior. When the price began to fall, these over-leveraged positions were forcefully closed, triggering a chain reaction that accelerated the decline.
SaharaAI publicly stated that all allocated team and investor tokens remain untouched on-chain, and that market makers Amber Group and Hering Global continued normal operations throughout the event. On-chain data confirmed no insider sales, with custody of the foundation’s tokens unchanged.
As of the latest data, SAHARA is trading at $0.01588, still down 11.62% over 24 hours. The incident highlights the risks of concentrated leverage in low-market-cap tokens and the fragility of sentiment around cross-chain DeFi protocols. While the swift liquidity restoration and transparent communication may help rebuild trust, market confidence has not yet fully recovered.
