Sahara AI official response to the Token big dump: rumors of market maker liquidation are false, it is actually caused by Perptual Futures liquidation.

[BitPush] Sahara AI recently issued a clarification announcement regarding the sudden plummet of the SAHARA token price at the end of last month.

The outside world has been speculating that the plummet was caused by the liquidation of market makers, but the authorities have directly denied this claim. They specifically confirmed two designated market makers—Amber Group and Herring Global—emphasizing that neither of them engaged in any irregular operations during that period. The smart contract of the Token is functioning normally, and the management and custody are entirely under the control of the foundation.

Why did the price take such a roller coaster ride? The explanation given by the foundation is: based on the existing data, it is mainly due to a large-scale liquidation of perpetual contracts at that time, coupled with a concentrated outbreak of short-selling forces that caused the violent fluctuations. However, they also stated that the current information is still not complete, and they are continuing to track more details to confirm the full situation.