Sahara AI $sahara The token plunged by around 55% on June 9th, with its price nearing an all-time low following a sudden drop.
Meanwhile, the project said its contracts and products remain safe while the cause is investigated.
$sahara At the time of writing, it is trading around $0.01718. The 24-hour range widened from $0.01452 to $0.03957, with trading volume exceeding $300 million.
Sahara AI denies security breaches and insider sales
“There are no security issues with our token contracts or products,” Sahara AI said in its first update. The team said it has launched an internal review and is monitoring the market in real time.
A subsequent statement addressed claims that team and investor wallets contributed to the decline. “No team or investor tokens have been sold or transferred,” the project said. Sahara AI did not specify the cause of the selling pressure.
Update: Team and investor wallet allocations do not change on-chain at all. Team or investor tokens are not being sold or transferred.
The transfer cited as the cause of today’s price movement was the fulfillment of a pre-scheduled Chainlink CCIP bridge contract to provide liquidity… https://t.co/dqbtg2xfC0
— Sahara AI🔆 (@SaharaAI) June 9, 2026
Sahara AI announces 600 million remittance $sahara The token was a planned deposit into the Chainlink CCIP bridge contract. The token was intended to provide liquidity for a cross-chain bridge between Ethereum and the BNB chain.
The team announced an additional 150 million. $sahara Bridge liquidity schedule was maintained. It denied claims that the movement of 600 million tokens was the cause of the decline, but said a broader investigation was still ongoing.
The Etherscan address quoted is a verified LockReleaseTokenPool contract created by the Sahara AI deployer. The agreement supports the project’s narrative that the addresses serve a bridging function. However, on-chain records do not specify what caused the trader to sell.
$sahara Prices near all-time lows
$saharaThe intraday low of $0.01452 brought the token closer to its all-time low near $0.01355, according to data from crypto.news. The price remained almost 90% below the July 2025 high of about $0.1605. Its market value has fallen to approximately $58.5 million.
Trading volume increased by more than 340% from the previous day. The rally does not indicate whether a single holder, multiple large accounts, liquidations, or a broader sell-off caused the rally.
Sahara AI raised $43 million in a 2024 funding round co-led by Binance Labs (now YZi Labs), Pantera Capital, and Polychain Capital. As previously reported by crypto.news, the token also fell by around 60% after Binance, Bitget, Upbit, and Bithumb went public in June 2025.
The maximum supply of this project is 10 billion tokens, with approximately 3.4 billion tokens in circulation. Market data shows approximately 1.03 billion unlocks planned $sahara There is no public evidence linking this release to the June 9 crash.
Sahara AI said it will release another update as soon as it has confirmable information. Until then, the causes of the decline remain unresolved.
