According to TechFlow news on December 2, Sahara released a tweet disclosing the preliminary investigation into the recent fluctuation of its token. Sahara stated that the rumors circulating in the market about 'abnormal operations by market makers' are not true. Currently, the designated market makers for $SAHARA are Amber Group and Herring Global. After verification, both parties found no abnormal behavior. The official also emphasized that the smart contracts of the $SAHARA token remain completely secure and unchanged, and the management and custody rights of the token are still entirely controlled by the Sahara Foundation.
Sahara's preliminary investigation shows that the recent drastic price Fluctuation is mainly caused by large-scale perpetual contract liquidations and a significant concentration of short positions during the event. Meanwhile, the team is still in direct communication with the relevant exchanges and will further disclose information to the public once more verified information is obtained.
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