Sahara AI’s $SAHARA token plummeted by more than 50% within minutes on November 29, shocking many and sparking speculation from community members about what happened.
Since then, more information has come to light, with project founder Sean Wren releasing a statement containing the latest information about X, with most of the blame centered on the anonymous market maker.
According to the post, the team has reviewed and confirmed that all token smart contracts and core infrastructure are secure and free from any signs of abuse or violation.
How the Sahara AI team is coping with the price crash
The post also reassured readers that the price drop was not caused by token unlocking or sales. “Our TGE took place in June 2025. Unlocking of core contributor and early backer tokens will not occur until one year later (June 2026) according to the unlock schedule: saharaai.com/blog/sahara-to…” Ren wrote on X.
He maintained that Sahara’s fundamentals remain the same, meaning all business operations, product development and strategic priorities will continue as planned. agent AI An economy with fair value flows.
Regarding its plans for next year, Sahara said it will continue to strengthen its AI infrastructure for professional services while expanding its data labeling and domain-specific agent businesses.
We will also focus on developing agent protocols that power the next generation of agent-to-agent interactions and revenue sharing, and deploy “killer” crypto x AI applications that remove friction from the crypto UX.
What happened to the $SAHARA token?
Since Sahara AI’s $SAHARA was launched on major exchanges earlier this year, the token has seen its fair share of ups and downs. However, this drop is the most severe on record.
According to data from CoinGecko, the token fell from an intraday high of $0.081 to a low of $0.0346. At the time of writing, the price was hovering between $0.043 and $0.044, down 42% to 45% in the past 24 hours, with a market cap of $107 million to $108 million and a 24-hour trading volume of over $378 million.
According to Crypto Fearless, this selloff occurred amidst a large and active market maker book unwind. signaled A liquidity stress event where selling pressure on tokens is amplified by triggering risk controls and liquidating positions.
The market maker reportedly had exposure to several notable tokens including MMT and SAHARA. After what was called in the exchange was reported Abnormal market formation In one project, linked addresses were identified and restricted. The company’s positions were also liquidated with respect to the exchange’s risk governance framework, which analysts claim contributed significantly to the price movement following the event.
The incident showed that while increased oversight and disciplined risk management can mitigate cascading movements, traders still need to be mindful of counterparty risk and token liquidity in volatile conditions.
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