Sahara AI Token Plunges 56% Amidst Internal Selloff Investigation
Sahara AI's native token, SAHARA, is in freefall, shedding over 56% in 24 hours. The project claims no security flaws, launching an internal probe to uncover the source of the massive selloff.
SAHARA is getting hammered, dropping a brutal 56% in the last day, making it one of the worst performers. The project is scrambling, claiming no security issues with their contracts or products, but they've kicked off an internal investigation to figure out what's tanking the price. This is a bloodbath for holders who saw the token hit an all-time low of $0.0129 on Binance.
Despite a $43 million Series A raise led by heavyweights like Binance Labs, Pantera, and Polychain, the token is in freefall. The team insists that team and investor wallets are untouched, and a massive 600 million SAHARA transfer was just a scheduled move to fund their Chainlink bridge, not a dump. Another 150 million is still slated for transfer.
This crash comes as AI-related tokens have been volatile all year, but Sahara AI is adamant this isn't an exploit like the one that hit Humanity Protocol's H token. The real reason for the selloff remains a mystery as the investigation grinds on, leaving holders in the dark and waiting for answers.