In a fresh update, SAHARA AI has come under the spotlight after its native token suffered a massive price collapse on June 9, 2026. The token plunged by 60% in just one hour, wiping out tens of millions of dollars in market value and triggering significant liquidations across the market.
The sudden decline sparked widespread speculation among traders and investors. In response, the SAHARA team launched an internal investigation, addressed concerns surrounding large token transfers, and unveiled a compensation proposal for affected users.
SAHARA Suddenly Crashes 60% in One Hour, Wiping Out $73M in Market Cap
Crypto analyst Ash Crypto reported in a recent X post that the SAHARA AI token suddenly plunged by 60% within just one hour. Interestingly, the sharp decline wiped out approximately $73 million from the project’s market capitalization and liquidated around $22 million in long positions.
What the fuck is happening?$SAHARA just crashed -60% in 60 MINUTES.
– Wiped out $73 MILLION in market cap.
– Liquidated $22 MILLION longs in the past 12 hours.
– Team investigated the crash and confirmed:
No known security breaches or issues.Update coming soon. https://t.co/1de7rCTyi9 pic.twitter.com/JT2l0pyvWK
— Ash Crypto (@AshCrypto) June 9, 2026
The decline pushed SAHARA below its previous all-time low of $0.013. However, according to CoinMarketCap, the token has since rebounded by about 43% from that low and is currently trading around $0.019. Meanwhile, its market capitalization stands at approximately $65.25 million, down about 51%.
For context, Sahara AI launched the SAHARA token in June 2025. The altcoin also secured a Binance listing. Shortly after launch, the token surged by more than 100% and reached a peak price of $0.165. Its market capitalization also climbed to approximately $300 million.
Meanwhile, before the token launch, Sahara AI attracted significant investor interest. In 2024, the company raised $43 million in a Series A funding round. The financing was led by Binance Labs, Pantera Capital, and Polychain Capital.
Team Says No Security Issues Found
The SAHARA team moved quickly after the crash. In an X post, the team revealed that it had launched an internal investigation to determine the cause of the sudden decline. So far, the team says it has not found any security breaches or technical issues. It also stated that there is no evidence of an exploit at this stage. The investigation remains ongoing.
The team also addressed concerns surrounding large on-chain transfers. According to the statement, team and investor wallets remain untouched. No team or investor tokens have been sold or moved. Further, the team explained that the transfers cited by some users were part of a pre-scheduled funding of its Chainlink CCIP bridge contract. The funds were added to provide liquidity for the project’s recently launched cross-chain bridge.
According to the team, the 600 million SAHARA token transfer has nothing to do with the market decline. The project also revealed that another 150 million SAHARA tokens will be added to the bridge as additional liquidity. The team stressed that the bridge is operating as intended.
Meanwhile, shortly after the crash, the SAHARA team unveiled a compensation plan for affected users and submitted it for a community vote. If approved, eligible holders will receive compensation for their losses. They will also receive priority access to future opportunities within the ecosystem.
The team said it will continue updating the community as the investigation progresses. It added that more details will be shared once the cause of the market movement is confirmed. Meanwhile, it is worth noting that the SAHARA decline comes shortly after Humanity Protocol’s H token crashed by 90% following a $30 million exploit. The incident wiped out more than $1 billion in market value within 12 hours and raised fresh concerns across the crypto market.
Josiah Oluwadare
