Svmuu News: SaharaAI has responded to the abnormal market volatility of the SAHARA token, stating that the team has noted the situation and is conducting real-time monitoring. Currently, no security issues have been found with the token contract or product, and an internal investigation has been initiated to further confirm the specific reasons for this price fluctuation.
SaharaAI emphasized that the token allocations in the wallets of the team and investors have not changed on-chain, and no team or investor tokens have been sold or transferred.
In response to the large on-chain transfers that attracted market attention, the project stated that the transactions believed to be related to this price fluctuation were actually pre-planned operations. These were used to replenish liquidity for the cross-chain bridge contract based on Chainlink CCIP, in order to support the recently launched cross-chain bridge functionality. This transfer of 600 million SAHARA tokens was part of a predetermined plan. The cross-chain bridge is operating normally, and an additional 150 million SAHARA tokens will be added subsequently as a liquidity supplement.
SaharaAI stated that it is still investigating the cause of the abnormal market movement and will disclose further progress once confirmable information is obtained.