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Sahara AI’s SAHARA token fell about 55% on June 9 after a sudden sell-off pushed the price close to its record low. At the time of writing, SAHARA traded near $0.01718, after dropping to an intraday low of $0.01452.
Trading volume surged as the price declined, and Sahara AI said it had opened an internal investigation. In its first update, the project stated there were “no security issues on our token contracts or products,” adding that it had started an internal review and was monitoring the market in real time.
In a later statement, Sahara AI addressed claims that team or investor wallets had contributed to the drop. The project said: “No team or investor tokens have been sold or moved.” It also said it had not identified the source of the selling pressure.
Sahara AI said the transfers being cited as the cause of the price movement were related to a pre-scheduled fill of its Chainlink CCIP bridge contract intended to provide liquidity. The team said 600 million SAHARA tokens were a planned deposit into its Chainlink CCIP bridge contract to support cross-chain bridging between Ethereum and BNB Chain.
The project also said another 150 million SAHARA remained scheduled for bridge liquidity, rejecting the claim that the 600 million-token movement alone caused the decline while noting that its broader investigation was still active.
On-chain records cited by the report identify the referenced Etherscan address as a verified LockReleaseTokenPool contract created by the Sahara AI deployer. While the contract record aligns with the project’s explanation that the address serves a bridge function, the on-chain record does not show what caused traders to sell.
SAHARA’s 24-hour range stretched from $0.01452 to $0.03957, while trading volume rose above $300 million. The intraday low of $0.01452 placed the token near its record low of about $0.01355, according to crypto.news data.
The token was also almost 90% below the July 2025 peak of about $0.1605. Its market value fell to roughly $58.5 million.
Trading volume increased more than 340% from the previous day, but the data provided does not indicate whether the move was driven by one holder, multiple large accounts, liquidations, or broader selling.
Sahara AI raised $43 million in a 2024 funding round co-led by Binance Labs (now YZi Labs), Pantera Capital, and Polychain Capital. As previously reported by crypto.news, the token had also fallen about 60% after its Binance, Bitget, Upbit, and Bithumb listings in June 2025.
The project has a maximum supply of 10 billion tokens, with about 3.4 billion circulating. Market data also shows a planned unlock of about 1.03 billion SAHARA on June 26, and the report notes there is no public evidence linking that release to the June 9 sell-off.
Sahara AI said it would publish another update once it had information it could confirm. Until then, the cause of the June 9 decline remains unresolved.
