Key Takeaways:
- SAHARA fell 56% to an all-time low of $0.0129 on Binance on June 9
- Sahara AI confirmed no security breach and opened an internal investigation
- A 600 million SAHARA transfer was a pre-scheduled Chainlink bridge fill, not a sell
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SAHARA token crashes 56% as Sahara AI probes internal selloff
SAHARA, the native token of the Sahara AI network, plunged 56% to a record low of $0.0129 on Binance on June 9, ranking among the worst-performing crypto assets as the project launched an internal investigation into the cause of the selloff.
"The team is monitoring the situation in real time and has found no security flaws in our token contracts or products," Sahara AI said on X. The project raised $43 million in a Series A round in 2024 from Binance Labs, Pantera Capital and Polychain Capital.
The token traded at $0.01435 as of 04:45 UTC on June 9, according to CoinGecko data, with 24-hour volume running at 3.29 times its 30-day average. Relative strength index (RSI-14) fell to 27.89, a deeply oversold reading. The broader crypto market offered no shelter — the Fear and Greed Index sat at 16, classified as Extreme Fear, with 327 of 390 tracked tokens declining on the same day.
Sahara AI addressed on-chain transfers that some traders had flagged as potential insider selling. A 600 million SAHARA transfer was a pre-scheduled fill of its Chainlink cross-chain bridge contract to add liquidity, the team said, and was unrelated to the price drop. Another 150 million SAHARA remains pending. The project confirmed that team and investor wallets remained untouched on-chain, with no tokens sold or moved.
The crash followed a separate exploit-driven plunge in Humanity Protocol's H token, which fell more than 80% on the same day. Sahara AI said its decline was unrelated to any security breach.
The first meaningful resistance sits at $0.02119, 47.7% above the current spot price, according to InteractiveCrypto data. No confirmed support level has been established after the token broke below its entire recent trading range. The outcome of Sahara AI's internal investigation remains the primary catalyst to watch for any directional shift.
SAHARA launched in June 2025 and spiked after its Binance listing before shedding most of those early gains. The token's collapse comes as AI-focused coins continue to attract attention, with many recording sharp swings this year.
This article is for informational purposes only and does not constitute investment advice.
