Mars Finance reports that Sahara AI has issued an update on X regarding the unusual price fluctuation, stating that the allocation of team and investor wallets remains completely unaffected on-chain. No team or investor tokens have been sold or transferred. The transfers cited as the cause of today’s price movement were a pre-scheduled top-up to the Chainlink CCIP cross-chain bridge contract, intended to provide liquidity for its recently launched cross-chain bridge. This is unrelated to market volatility. The transfer of 600 million SAHARA tokens was planned, and the cross-chain bridge is functioning as designed. An additional 150 million SAHARA tokens are pending addition to provide further liquidity. Previously, SAHARA experienced a 59.5% drop over 24 hours; the team confirmed that the token contract and product are not subject to any security issues.
Sahara AI Clarifies That the Large Token Transfer Was for Chainlink CCIP Bridge Liquidity
MarsBitShare
Summary
Sahara AI confirmed that a major token transfer was for Chainlink CCIP bridge liquidity. The team emphasized that no tokens from team or investor wallets were sold. The move is unrelated to recent price fluctuations. An additional 150 million SAHARA tokens will be added to enhance liquidity. Traders are monitoring altcoins to watch as the market responds.
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