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Sahara Clarifies Price Volatility: Large Transaction Was Recharge for Established Cross-Chain Bridge, Team or Investor Tokens Not Sold

2026.06.09 15:13:53

On June 9th, Sahara AI released a statement addressing abnormal price swings in its SAHARA token, confirming that neither its team nor investor on-chain wallets were impacted—no tokens held by team members or investors were sold or transferred. The transaction widely linked to the recent price drop was a pre-planned deposit the team made into the Chainlink CCIP cross-chain bridge contract to provide liquidity for its newly launched cross-chain platform, an event entirely unrelated to market volatility. The planned transfer of 6 billion SAHARA tokens is part of the bridge’s launch plan, and the cross-chain system is functioning as intended; an additional 1.5 billion tokens are scheduled to be added shortly to supply extra liquidity. Per HTX market data, SAHARA saw a steep 50% decline to $0.03468 yesterday evening, cutting its market capitalization in half to $106 million.
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