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Sahara AI Investigates Token Crash, Says No Security Issues Found

Source
Uk Jin

Summary

  • Sahara AI (SAHARA) said it was aware of a sharp price drop after an intraday plunge and was monitoring unusual volatility in real time.
  • Sahara AI said there were no security issues with its token contract or products and that it had started an internal investigation into the cause of the price move.
  • Sahara AI said the token was trading at $0.0153, down 60%% from a day earlier, according to CoinMarketCap.

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Sahara AI said it is investigating the cause of a sharp drop in the price of its SAHARA token.

In a post on X on June 9, the company said it was aware of unusual volatility in the token and was monitoring the situation in real time.

Sahara AI said there were no security issues with the token contract or its products. It has started an internal investigation to determine what caused the price swings.

The token suddenly plunged at about 11:20 a.m. on June 9. As of 12:22 p.m., it was trading at $0.0153, down 60% from a day earlier, according to CoinMarketCap.

Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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