Sahara AI: Team and investor tokens were not sold; large transfers were to provide liquidity for the new cross-chain bridge.

CoinFeed reported on June 9th that Sahara AI issued an update on the X platform regarding the abnormal price fluctuations of its token, stating that the allocation of tokens in team and investor wallets was completely unaffected on-chain. No team or investor tokens were sold or transferred. The transfer cited as the cause of today's price volatility was a pre-arranged deposit by the team into the Chainlink CCIP cross-chain bridge contract, intended to provide liquidity for its recently launched cross-chain bridge. This is unrelated to market volatility. The transfer of 600 million SAHARA was planned, and the cross-chain bridge is operating as designed. An additional 150 million tokens are pending addition to provide extra liquidity. Previously, SAHARA experienced a 24-hour drop of 59.5%, and the team stated that there were no security issues with the token contract and product.