SaharaAI to delay team, investor SAHARA unlocks; no buybacks or burns planned

SaharaAI (SAHARA), which recently experienced a sharp drop in its token price, announced on its official X account that it will postpone unlocks for its team and investors while adding new features. According to the project, investor allocations will be delayed by three months, while founder, team, and advisor allocations will be postponed for six months. However, SaharaAI stated it does not plan to implement a burn mechanism or conduct buybacks for what it termed artificial supply control. The project also revealed plans to introduce a host of new features to its trading platform, Sorin, including perpetual futures. A major multi-chain expansion and a new corporate partnership are scheduled to be announced next week. Additionally, rewards will be increased for its mock investment competition and for users of its desktop app, ClawApp. On June 9, SAHARA plummeted from around $0.03 to $0.013. The team later explained that the drop was caused by a cascade of liquidations centered on selling pressure in the futures market. SAHARA is currently trading at $0.012, down 4.59% from the previous day.