Sahara officials deny that the "Token abnormal big dump is due to the market maker being liquidated"

GateUser-6433627c · 2025-12-02T09:15:18+00:00

Sahara AI officially clarified that the big dump in SAHARA prices on November 29 was not caused by the liquidation of market makers, and both Amber Group and Herring Global were not abnormal. The price fluctuation was mainly driven by a large number of perpetual futures liquidations and short positions, and the foundation will continue to confirm more information.

GateUser-6433627c

2025-12-02 09:15:18

Abstract generation in progress

On December 2, Sahara AI officially stated that market rumors claiming “the abnormal big dump of SAHARA prices on November 29 was due to the liquidation of market makers” are false. Amber Group and Herring Global are designated market makers for SAHARA and have confirmed that neither of these companies exhibited any abnormal behavior. Currently, the SAHARA Token smart contracts remain secure, and the management and custody of the tokens are entirely the responsibility of the foundation. The foundation stated that based on the data currently available, the severe fluctuation in prices is mainly driven by a large number of perpetual futures liquidations and a significant amount of short positions during the event. The complete situation has not yet been grasped, and we are waiting for more confirmation information.

SAHARA-5,11%

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