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Sahara AI token plunges 55% amid rumors of 600 million token sale
Sahara AI's token lost about 55% of its value over the past 24 hours following a sharp increase in selling pressure. The team denied allegations of insider selling and said the movement of 600 million tokens was related to the launch of a cross-chain bridge.
On June 9, 2026, the price of SAHARA fell to $0.0142, approaching its all-time low. At the time of writing, the asset had partially recovered and was trading at $0.018, according to CoinMarketCap.
The token's daily trading volume exceeded $300 million.
SAHARA token price. Source: CoinMarketCap.
Amid the collapse, the Sahara AI team said it had found no issues with the project's smart contracts or products. The developers announced the launch of an internal investigation and stressed that they continue to monitor the situation in real time.
They promised to publish additional details once the review is completed.
Allegations of token sales
The team later separately addressed allegations circulating within the community against the developers and early investors. The project stated that no team or investor tokens had been sold or moved.The rumors were sparked by a transaction involving 600 million SAHARA tokens detected by blockchain monitoring platforms. Developers explained that the funds were transferred to a Chainlink CCIP-powered cross-chain bridge contract to provide liquidity between Ethereum and BNB Chain.
According to project representatives, an additional 150 million SAHARA tokens have also been reserved for the same purpose. The team stressed that it does not believe the operation was responsible for the crash.
Blockchain data show that the address in question is indeed linked to the official LockReleaseTokenPool contract created by Sahara AI developers. However, this information alone does not explain what triggered the wave of selling.
Concerns ahead of another token unlock
Despite the lack of evidence supporting insider-selling claims, pressure on the token remains. Since reaching an all-time high of about $0.16 in July 2025, SAHARA has declined by nearly 90%.Another source of uncertainty for investors is an upcoming token unlock. According to market data, approximately 1.03 billion SAHARA tokens are scheduled to enter circulation on June 26.
It is worth noting that this is not the first major decline for the asset. In December 2025, the token also lost more than 50% of its value within a few days, triggering speculation about a possible hack or internal issues within the project.
Earlier, we reported that Humanity Protocol's token plunged 85% following a $30 million theft.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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