SAHARA Token Fall 60% After Futures and Spot Listings
Di SAHARA token don drop over 60% afta big exchange dem list am, e make people begin quick quick sell am. Binance launch USDS-M perpetual contracts wey fit use up to 75× leverage, and Bitget don add 50× futures too. Upbit and Bithumb get spot pairs wey dem dey trade wit BTC, USDT and KRW, e make liquidity big, but e still cause price to dey go down. Price comot from $0.31 drop to about $0.10 as traders dey take profit before contract dem go launch. Sahara AI mainnet never complete yet; SAHARA dey power gas fees, staking, and governance for Ethereum and BNB Smart Chain. Traders suppose watch well as the market fit get plenty wahala and sharp profit-taking level after listing, especially with leveraged futures products.
Bearish
Di tori tok say price drop well well wey high-leverage futures dem list and spot pair dem launch make people quick quick take profit. For short term, SAHARA token dey face selling pressure as traders dey unwind their positions and react to the volatile leverage products. For long term, e still uncertain until Sahara AI mainnet launch and the utility show well well, but di initial post-listing dump show say market fit get bearish outlook cos of speculative trading and risk aversion.