Sahara AI Denies SAHARA Team-Token Selloff Behind 60% Crash
Sahara AI has denied community claims that it triggered SAHARA’s sharp drop of about 60%. The denial came after on-chain data watchers pointed to fund movements during the crash.
In a response, Sahara AI said the cited transfers were a pre-scheduled fill of its Chainlink CCIP bridge contract to supply liquidity for a recently launched cross-chain bridge. The project stated the scheduled transfer was 600 million SAHARA, with an additional 150 million SAHARA planned to boost bridge liquidity.
The team also rejected any security-exploit narrative, stating there are no security issues on its token contracts or products, and said an internal investigation has started to understand the drivers of the price fluctuation.
Price action: SAHARA fell 65% in a single day during the June incident. Losses have since eased to around 45%. A recovery may depend on bulls defending the $0.02 support zone, which has acted as key support in Q2 2026. Related data showed exchange selling pressure dropped about 30%, suggesting early sell pressure is tapering.
Context: Sahara AI is Binance Labs-backed and listed on Binance spot markets last June. Still, some community members referenced a prior pattern— in November 2025, SAHARA also shed roughly 60% amid similar “market volatility” explanations.
Implication for traders: the immediate selloff appears linked by the project to liquidity-bridge operations rather than team selling or an exploit, but the market will likely keep testing the $0.02 floor while monitoring exchange flows and further transfer activity involving the bridge.
Bearish
The news directly addresses why SAHARA collapsed, but the immediate market interpretation still leans bearish. Even if Sahara AI’s explanation (pre-scheduled Chainlink CCIP bridge liquidity transfers) is credible, traders must treat it as “still a catalyst”: large, scheduled SAHARA movements can be perceived as future sell pressure, and the article notes a history of sharp ~60% drops after similar “volatility” narratives.
Short term, bearish pressure is likely to persist because price is still recovering from a one-day -65% move, and key support is only at the $0.02 floor. The reported 30% drop in exchange selling pressure is a small counter-signal, but it may not be enough until SAHARA reclaims and holds $0.02 with sustained spot buying.
Long term, if the project consistently clarifies bridge-related liquidity mechanics and no security issues emerge, credibility could improve and reduce fear-driven selling. However, for traders, the practical takeaway is to monitor follow-on bridge transfers, exchange inflows/outflows, and whether selling pressure continues to ease—similar past “explanation after the dump” patterns often lead to lingering volatility and repeated retests of major support levels before a durable trend forms.