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Sahara AI Token Falls 60% After Large Wallet Transfers Spark Concerns
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Sahara AI dropped as much as 60%, falling from $0.038 to $0.0129 before recovering to around $0.016. Trading volume reached $250 million across exchanges, including Binance. The selloff followed on-chain transfers of 600 million SAHARA tokens from wallets linked to the project team, raising concerns among investors. Sahara AI said the transfers were pre-planned and intended to provide liquidity for a new Ethereum–BNB Chain bridge built using Chainlink CCIP. The project stated that no security breach occurred and team allocations remain unchanged. A community vote has been launched to consider possible compensation for token holders.
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