Sahara AI says no team or investor tokens were moved

The SaharaAI (SAHARA) team has issued a statement regarding the recent sharp decline in the token's price. According to the statement, no team or investor-allocated tokens have been moved or sold on-chain. The team explained that the token movement being cited as the cause of today's price volatility was a transfer to a Chainlink CCIP bridge contract to provide liquidity for its recently launched cross-chain bridge. It added that a transfer of 600 million SAHARA was a pre-planned operation and that the bridge is functioning normally. The project plans to inject an additional 150 million SAHARA to supply further liquidity. SaharaAI stated it is still investigating the cause of the price volatility and will share more information as it becomes available. The statement follows a more than 60% crash in the price of SAHARA, after which the team had said it was investigating the cause and confirmed there were no security issues.