Sahara has released preliminary findings from its investigation into recent volatility of its $SAHARA token, confirming no abnormalities with market makers or contract security. The company clarified that rumors of "abnormal market maker operations" are false. Market makers Amber Group and Herring Global were verified to have shown no irregular behavior. Sahara assured that the $SAHARA token's smart contract remains secure and unchanged, with full control retained by the Sahara Foundation.
The investigation suggests that the token's sharp price fluctuations were due to large-scale perpetual contract liquidations and a high concentration of short positions. Sahara is in communication with exchanges and plans to provide further updates as more information becomes available.
Sahara Finds No Abnormalities in Token Volatility Investigation
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