Sahara AI’s $SAHARA token fell about 55% on June 9 as a sudden sell-off pushed the value near its file low.
In the meantime, the mission stated its contracts and merchandise remained safe whereas it investigated the trigger.
$SAHARA traded close to $0.01718 on the time of writing. Its 24-hour vary stretched from $0.01452 to $0.03957, whereas buying and selling quantity rose above $300 million.
Sahara AI denies safety breach and insider promoting
“There are not any safety points on our token contracts or merchandise,” Sahara AI stated in its first replace. The group stated it had began an inside evaluate and was monitoring the market in actual time.
A later assertion addressed claims that group or investor wallets had contributed to the autumn. “No group or investor tokens have been bought or moved,” the mission stated. Sahara AI has not recognized the supply of the promoting stress.
Replace: Crew and investor pockets allocations are totally untouched on-chain. No group or investor tokens have been bought or moved.
The transfers being cited as the reason for right now’s value motion have been a pre-scheduled fill of our Chainlink CCIP bridge contract to supply liquidity… https://t.co/dqbtg2xfC0
— Sahara AI 🔆 (@SaharaAI) June 9, 2026
Sahara AI stated a switch of 600 million $SAHARA tokens was a deliberate deposit into its Chainlink CCIP bridge contract. The tokens have been supposed to supply liquidity for the cross-chain bridge between Ethereum and BNB Chain.
The group stated one other 150 million $SAHARA remained scheduled for bridge liquidity. It rejected claims that the 600 million-token motion triggered the decline, however stated its wider investigation was nonetheless energetic.
The cited Etherscan deal with is a verified LockReleaseTokenPool contract created by the Sahara AI deployer. The contract helps the mission’s clarification that the deal with serves a bridge perform. Nonetheless, the on-chain file doesn’t set up what triggered merchants to promote.
$SAHARA value approaches its file low
$SAHARA’s intraday low of $0.01452 positioned the token near its file low close to $0.01355, in line with crypto.information information. The value additionally remained nearly 90% beneath the July 2025 peak of about $0.1605. Its market worth fell to roughly $58.5 million.
Buying and selling quantity elevated greater than 340% from the day past. The rise doesn’t present whether or not one holder, a number of giant accounts, liquidations, or broader promoting drove the transfer.
Sahara AI raised $43 million in a 2024 funding spherical co-led by Binance Labs, now YZi Labs, Pantera Capital, and Polychain Capital. As beforehand reported by crypto.information, the token additionally fell about 60% after its Binance, Bitget, Upbit, and Bithumb listings in June 2025.
The mission has a most provide of 10 billion tokens, with about 3.4 billion circulating. Market information additionally reveals a deliberate unlock of about 1.03 billion $SAHARA on June 26. No public proof connects that launch to the June 9 sell-off.
Sahara AI stated it might publish one other replace as soon as it had data it may verify. Till then, the reason for the decline stays unresolved.
