Sahara AI Denies Team, Investor Token Sales, Says Transfers Were for Bridge Liquidity

Sahara AI denied allegations that its team or investors sold tokens amid recent volatility in the price of SAHARA, saying the large transfers were pre-scheduled moves to provide liquidity for a cross-chain bridge.

On June 9, Sahara AI wrote on X that tokens allocated to team and investor wallets had not moved on-chain at all. "Team or investor tokens have never been sold or moved," the company said.

The company said the transfer cited as a cause of the price swings was a planned operation to supply liquidity to a bridge contract using Chainlink's Cross-Chain Interoperability Protocol, or CCIP.

Sahara AI said the transfer of 600 million SAHARA tokens had been planned in advance to provide liquidity for a recently launched cross-chain bridge. It added that the bridge is operating as designed.

The company also said another 150 million SAHARA tokens are being held for additional liquidity provision.

Sahara AI said it is still investigating the cause of the recent market volatility and will share more details once verifiable information becomes available.

Large token transfers can heighten investor anxiety when they coincide with price swings. Sahara AI, however, said the latest transfer was related to bridge liquidity provision, not sales by the team or investors.