TechFlow News, June 11: Sahara AI commented on the SAHARA token volatility event, stating that, based on preliminary analysis, the price movement was primarily driven by a cascade of liquidations in the futures market. Sahara AI noted that neither the team nor investors sold or transferred their tokens, and the on-chain wallet allocations remain untouched; designated market makers Amber Group and Herring Global operated normally during the incident.
Regarding controversy over large on-chain transfers, Sahara AI clarified that these transfers were pre-planned liquidity top-ups to the Chainlink CCIP bridge contract, implemented to support the newly launched BNB Chain cross-chain bridge.
The project team stated it is collaborating with exchanges for further verification and will release a final update upon completion of the review.
