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Sahara AI Token Falls 60% After Large Wallet Transfers Spark Concerns

Published by
Nidhi Kolhapur

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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Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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