SAHARA Token Plummets 64% on June 9 as Contract Liquidations Cascade

According to Sahara AI, the recent SAHARA token price crash on June 9 was triggered by a cascade of contract liquidations, not team or market maker selling. The token plunged 64% in 5.5 minutes as liquidations reached a peak of $992,000 per second, with $60 million in contract orders processed within 30 minutes. The sharp contract price decline widened the discount versus spot price, pulling spot prices lower in turn.

Sahara AI confirmed that team and investor holdings were not sold or transferred, market makers Amber Group and Herring Global operated normally, and all smart contracts remain secure. The foundation is collaborating with exchanges to investigate the initial selling pressure trigger and will share findings and protective measures.