Sahara Official Denies "Token's Sharp Decline Due to Market Maker Liquidation"
By: theblockbeats.news|2025/12/02 09:19:49
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BlockBeats News, December 2nd. Sahara AI officially stated that the market rumor "Sahara's price plummeted abnormally on November 29th due to a liquidation of a liquidity provider" is untrue. Amber Group and Herring Global are designated liquidity providers for SAHARA, and both companies have confirmed that they did not engage in any abnormal behavior. Currently, the SAHARA token smart contract remains secure, and token management and custody are entirely handled by the foundation.
The foundation stated that, based on the data currently available, the significant price fluctuation was primarily driven by a large number of perpetual futures liquidations and a significant amount of short positions during the event. The full picture has not yet been obtained, and more confirmation is pending.
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