TechFlow news, December 2: According to an official statement, Sahara released a tweet disclosing preliminary findings regarding recent token price fluctuations. Sahara stated that rumors circulating in the market about "market maker irregularities" are untrue. The designated market makers for $SAHARA are currently Amber Group and Herring Global, and verification confirmed no abnormal activities from either party. The official statement also emphasized that the $SAHARA token smart contract remains fully secure and unchanged, with token management and custody rights still entirely controlled by the Sahara Foundation.
Preliminary investigation by Sahara indicates that the recent sharp price volatility was primarily caused by large-scale perpetual contract liquidations and a significant concentration of short positions during the incident. Meanwhile, the team is currently maintaining direct communication with relevant exchanges and will provide further public updates upon obtaining additional verified information.
