The SAHARA token lost more than half its value in 24 hours, dropping 56% as Sahara AI opened an internal investigation to figure out why. The token hit an all-time low of $0.0129 on Binance and was trading near $0.0156 at press time. The company said it found no security flaws in its token contracts or products, and the cause of the selloff remains unclear.
What Sahara AI’s check turned up
Sahara AI’s internal investigation hasn’t found any breach. The company said team and investor wallets were untouched — no tokens were sold or moved on-chain. Two large transfers that might have looked suspicious have explanations. A 600 million SAHARA transfer was a pre-scheduled fill of the Chainlink cross-chain bridge contract intended to add liquidity. Another 150 million SAHARA transfer is still pending. Neither is linked to the price drop, according to Sahara AI.
A token with heavyweight backing
Sahara AI launched the SAHARA token in June 2025 and soon secured a listing on Binance, the world’s largest crypto exchange. The company raised $43 million in a Series A round in 2024 led by Binance Labs, Pantera Capital, and Polychain Capital. That backing helped the token gain early traction, making this week’s crash all the more puzzling.
A separate exploit and an open question
The decline is unrelated to a separate exploit that hit Humanity Protocol’s H token, Sahara AI stressed. Still, the question of what triggered the selloff remains unanswered. The investigation is ongoing, and the company has not said when it expects to have a conclusion.
