The Sahara AI token dropped more than 56% over the past 24 hours, ranking among the worst-performing crypto assets on Tuesday.
The project said it found no security flaws in its token contracts or products. The team opened an internal investigation to identify the cause of the price decline.
SAHARA Slides to Record Low After Steep Drop
The altcoin hit an all-time low of $0.0129 on Binance earlier today. It traded near $0.0156 at press time after paring some losses.
Sahara AI launched the SAHARA token in June 2025. The altcoin also secured a Binance listing. It spiked after its debut before shedding most of those early gains.
Moreover, in 2024, the company raised $43 million in a Series A round. Binance Labs, Pantera Capital, and Polychain Capital led the financing.
The latest drop comes as AI-coins continue to gain traction. Many tokens in the group have recorded sharp swings this year.
Sahara AI Launches Internal Investigation
Sahara AI acknowledged the unusual price action on X. The team said it is monitoring the situation in real time.
In a later update, the project addressed transfers that some traders had blamed for the crash. It said team and investor wallets remained untouched on-chain, with no tokens sold or moved.
Sahara AI said a 600 million SAHARA transfer was a pre-scheduled fill of its Chainlink (LINK) cross-chain bridge contract. The move added liquidity and was unrelated to the price drop. Another 150 million SAHARA is pending.
The drop followed a separate plunge in Humanity Protocol’s H token. That token fell more than 80% after an exploit. However, Sahara AI said its own decline was unrelated to any security breach.
The cause of the selloff remains unclear as the review continues. Holders now wait for the findings of Sahara AI’s investigation.
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