SAHARA token crash 55% as team deny 600M dump, dem mention Chainlink CCIP

Published: 2026-06-09 08:01:21 |

SAHARA drop about 55% on June 9 afta one sudden sell‑off push di price near im historical low. Di token de trade round $0.01718, wit 24‑hour range from $0.01452 to $0.03957. Volume jump pass $300 million (+340% day‑on‑day), weh make people worry say liquidity pressure heavy. Sahara AI start internal investigation and deny say insiders or investors sell. Dem talk say no security issues dey for SAHARA token contracts or products and no team or investor tokens move on‑chain. Di project answer claim about 600 million SAHARA transfer, say di amount na planned deposit into im Chainlink CCIP bridge contract to fund cross‑chain liquidity between Ethereum and BNB Chain, and extra 150 million SAHARA still schedule for bridge liquidity. On‑chain checks show one verified LockReleaseTokenPool contract, but di record nor prove wetin make traders sell. Traders still de watch bigger risks: SAHARA still well down from im July 2025 peak and market data flag about 1.03 billion SAHARA unlock on June 26. Till di investigation confirm, di next catalyst for SAHARA remain unclear.

Bearish

Di immedyit drivah na be sharp SAHARA price collapse wit unusually high volume, wey normally show say na aggressive selling and short-term downside pressure. Even though di team talk say na CCIP bridge and dem deny say tokens move, wey reduce di chance say na insider dumping, di on-chain evidence weh dem mention no fit prove wetin cause di sell pressure. Dat uncertainty make traders dey cautious. Short-term, any negative price momentum for SAHARA fit attract more defensive selling and limit dip-buying till dem update di investigation. Long-term, di flagged upcoming ~1.03B SAHARA unlock on June 26 na another potential supply overhang. Wit plenty bearish signs (recent exchange listing drops, deep drawdown from di peak, and liquidity/unlock uncertainty), di net effect for SAHARA likely more bearish dan neutral, unless follow-up findings clear wetin drive liquidity or reduce di expected supply impact.