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Sahara AI says SAHARA has no security issues after 59.5% token plunge

Sahara AI says SAHARA has no security issues after 59.5% token plunge

The project said no team or investor tokens were sold or moved, and described a 600 million SAHARA transfer as planned Chainlink CCIP bridge liquidity provisioning ahead of a June 26 unlock.

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Fact Check
All claim elements are confirmed by official Sahara AI statements on @SaharaAI (statuses 2064182799293403176 and 2064225404433359219) and corroborated by PANews and Odaily: the 59.5% 24h plunge, the assertion of no security issues, team/investor wallets untouched, and the 600M SAHARA transfer characterized as a preplanned Chainlink CCIP bridge liquidity top-up.
Summary

Sahara AI said it is investigating unusual volatility in the SAHARA token after a sharp June 9 selloff fueled by investor concerns over possible insider selling tied to large on-chain transfers. The project said it found no issues with the token contract or protocol infrastructure and denied that any team or investor tokens were sold or moved. Sahara AI said the transactions that sparked panic were part of a pre-scheduled liquidity provisioning process for its Chainlink CCIP-based bridge between Ethereum and BNB Chain, involving 600 million SAHARA tokens, with another 150 million reserved for future liquidity operations. The episode unfolded during a broader market deleveraging phase and highlighted how bridge-liquidity transfers can resemble distribution to traders watching treasury wallets. Attention is now turning to a scheduled June 26 unlock of about 1.03 billion SAHARA tokens, when supply growth may become the next test for market sentiment.

Terms & Concepts
  • Chainlink CCIP: Chainlink's cross-chain interoperability protocol used to move data and assets between blockchains.
  • cross-chain bridge: Infrastructure that allows tokens to move between separate blockchains.
  • token unlock: The release of previously restricted tokens into circulating supply under a vesting schedule.