Sahara AI 🔆 (@SaharaAI) on X (original) (raw)

Your AI workforce across every app, every task, every day. Core infrastructure powering the global agent ecosystem. Builder of

@HeySorinAI

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  What institutional trading desks have always had, now in the hands of every investor. Powered by
  @SaharaAI
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  Replying to @SaharaAI
  What's Next: We are continuing to work with our exchange partners to gather the full data picture. We want to share what we know, not what we suspect, and will publish a final update once that review is complete. We will also share a dedicated post on the steps we are taking to
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  Replying to @SaharaAI
  Large On-Chain Transfers: We want to address the speculation around large on-chain
  $SAHARA
  movements. The transfers in question were a pre-scheduled fill of our Chainlink CCIP bridge contract to provide liquidity for our recently launched cross-chain bridge to BNB Chain. This
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  Replying to @SaharaAI
  What caused the price movement: Based on our analysis, this was a futures-led liquidation cascade. Over the three weeks leading into June 9, leveraged long positions in
  $SAHARA
  futures had been building steadily to an all-time high, stacking over thin liquidity heading into the
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  Replying to @SaharaAI
  - No team or investor tokens have been sold or moved. These wallet allocations remain fully untouched on-chain. - Amber Group and Herring Global are our designated market makers for
  $SAHARA
  . Both have been confirmed to have acted normally throughout the event - All
  $SAHARA
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  Update on
  $SAHARA
  Token Volatility Event: Thank you for your patience and continued support over the past 24 hours. We're working closely with our exchange partners to analyze the situation, and we've read every comment and concern you've shared. Here is what we can confirm.
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  Update: We have replenished the ETH-side of our CCIP bridge pool and transfers are now fully operational. Yesterday, a surge in withdrawals to Ethereum depleted the pool, causing some transactions to get stuck. If you still have a pending transaction, it should be moving shortly.
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  .
  @SaharaEcosystem
  is not affiliated with Sahara AI. Our only official channels are linked in our bio. Do not connect your wallet or click any links from that account.
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  Update: Team and investor wallet allocations are fully untouched on-chain. No team or investor tokens have been sold or moved. The transfers being cited as the cause of today's price movement were a pre-scheduled fill of our Chainlink CCIP bridge contract to provide liquidity
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  We are aware of the unusual
  $SAHARA
  market volatility that just occurred and are actively monitoring the situation in real time. There are no security issues on our token contracts or products. Our team has initiated an internal investigation to better understand the drivers