PANews reported on December 2nd that Sahara AI has further responded to the recent abnormal market fluctuations, stating: "While the investigation is still ongoing, we would like to clarify several key points: 1. Rumors regarding abnormal activity by market makers supporting the SAHARA token are untrue. Amber Group and Herring Global are SAHARA's designated market makers, and it has been confirmed that neither party has engaged in any abnormal behavior; 2. All SAHARA token smart contracts remain completely secure and have not been altered. Token management and custody are entirely controlled by the Sahara Foundation; 3. Based on currently available data, the significant price fluctuations were primarily driven by the forced liquidation of large-scale perpetual futures contracts and the substantial accumulation of short positions during the event; 4. We are directly communicating with all relevant trading platforms and continuing to collect detailed trading-level data to fully understand the entire process of the event. We do not yet have all the information and are awaiting more confirmed information."PANews reported on December 2nd that Sahara AI has further responded to the recent abnormal market fluctuations, stating: "While the investigation is still ongoing, we would like to clarify several key points: 1. Rumors regarding abnormal activity by market makers supporting the SAHARA token are untrue. Amber Group and Herring Global are SAHARA's designated market makers, and it has been confirmed that neither party has engaged in any abnormal behavior; 2. All SAHARA token smart contracts remain completely secure and have not been altered. Token management and custody are entirely controlled by the Sahara Foundation; 3. Based on currently available data, the significant price fluctuations were primarily driven by the forced liquidation of large-scale perpetual futures contracts and the substantial accumulation of short positions during the event; 4. We are directly communicating with all relevant trading platforms and continuing to collect detailed trading-level data to fully understand the entire process of the event. We do not yet have all the information and are awaiting more confirmed information."
Sahara AI: Rumors about "abnormal activity by market makers supporting the SAHARA token" are false.
PANews reported on December 2nd that Sahara AI has further responded to the recent abnormal market fluctuations, stating: "While the investigation is still ongoing, we would like to clarify several key points: 1. Rumors regarding abnormal activity by market makers supporting the SAHARA token are untrue. Amber Group and Herring Global are SAHARA's designated market makers, and it has been confirmed that neither party has engaged in any abnormal behavior; 2. All SAHARA token smart contracts remain completely secure and have not been altered. Token management and custody are entirely controlled by the Sahara Foundation; 3. Based on currently available data, the significant price fluctuations were primarily driven by the forced liquidation of large-scale perpetual futures contracts and the substantial accumulation of short positions during the event; 4. We are directly communicating with all relevant trading platforms and continuing to collect detailed trading-level data to fully understand the entire process of the event. We do not yet have all the information and are awaiting more confirmed information."
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