Sahara AI officials said that market rumors that "SAHARA's abnormal price plunge on November 29 was caused by the liquidation of market makers" were untrue. Amber Group and Herring Global were designated market makers for SAHARA and have confirmed that neither company has exhibited any abnormal behavior.
The current SAHARA token smart contracts are all safe, and the management and custody of the tokens are entirely under the responsibility of the foundation. The foundation said that according to the data currently available, the sharp fluctuations in prices were mainly driven by a large number of perpetual futures liquidations and a large number of short positions during the event. The full situation is not yet known and is waiting for more confirmation information.
Sahara Official Denies "Token Unusual Plunge as Market Maker Liquidated"
2025-12-02 09:18:41
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