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

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BlockBeats News, June 9th, Sahara AI issued a statement regarding the abnormal price fluctuation of the SAHARA token, clarifying that the allocation of team and investor wallets on the chain was completely unaffected. No team or investor tokens were sold or transferred. The transaction cited as the cause of today's price fluctuation was a pre-arranged deposit to the Chainlink CCIP cross-chain bridge contract by the team to provide liquidity for its recently launched cross-chain bridge, unrelated to market fluctuation. The transfer of 6 billion SAHARA tokens was planned, and the cross-chain bridge is operating as designed. An additional 1.5 billion tokens are pending addition to provide extra liquidity.

Source: BlockBeats

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