PANews reported on December 2nd that Sahara stated that rumors circulating in the market regarding "abnormal market maker operations" are untrue. Currently, the designated market makers for $SAHARA are Amber Group and Herring Global, and after verification, no abnormal behavior has been found from either party. The official statement also emphasized that the $SAHARA token smart contract remains completely secure and unchanged, and token management and custody remain entirely under the control of the Sahara Foundation. Sahara's preliminary investigation indicates that the sharp price fluctuations were primarily caused by large-scale perpetual contract liquidations and a significant concentration of short positions during the event. The team is currently in direct communication with the relevant exchanges and will disclose further information once more verified.PANews reported on December 2nd that Sahara stated that rumors circulating in the market regarding "abnormal market maker operations" are untrue. Currently, the designated market makers for $SAHARA are Amber Group and Herring Global, and after verification, no abnormal behavior has been found from either party. The official statement also emphasized that the $SAHARA token smart contract remains completely secure and unchanged, and token management and custody remain entirely under the control of the Sahara Foundation. Sahara's preliminary investigation indicates that the sharp price fluctuations were primarily caused by large-scale perpetual contract liquidations and a significant concentration of short positions during the event. The team is currently in direct communication with the relevant exchanges and will disclose further information once more verified.
Sahara disclosed preliminary findings from its investigation into recent token volatility: no abnormalities were found with market makers, and contract security was unaffected.
PANews reported on December 2nd that Sahara stated that rumors circulating in the market regarding "abnormal market maker operations" are untrue. Currently, the designated market makers for $SAHARA are Amber Group and Herring Global, and after verification, no abnormal behavior has been found from either party. The official statement also emphasized that the $SAHARA token smart contract remains completely secure and unchanged, and token management and custody remain entirely under the control of the Sahara Foundation.
Sahara's preliminary investigation indicates that the sharp price fluctuations were primarily caused by large-scale perpetual contract liquidations and a significant concentration of short positions during the event. The team is currently in direct communication with the relevant exchanges and will disclose further information once more verified.
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