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Sahara AI confirms that the price fluctuation of SAHARA token is caused by a cascade of liquidation in the contract market, and the team and investors have not sold or transferred the token. Amber Group and Herring Global are operating normally. On June 9th, the selling pressure triggered a chain of liquidation, with the exchange forcing the liquidation amount to reach 992000 US dollars per second. The contract price plummeted by 0.64 in 5.5 minutes, and over 60 million US dollars worth of contract orders were executed within 30 minutes. The decline in contract prices has driven down spot prices, and Sahara AI is investigating the triggering factors of initial selling pressure. The large on chain transfers during the event are supplementary liquidity operations for ETH and BNB Chain cross chain bridges, and are unrelated to the event.