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SAHARA official responds to token big dump rumors: market makers have not Get Liquidated, fluctuation is due to Perptual Futures liquidation.
[Block Rhythm] Recently, there has been a lot of buzz online about the big dump of the SAHARA Token on November 29, claiming that the market maker got liquidated. The project party has come out today to refute this, stating that the news is not true.
They have specifically confirmed that the two designated market makers, Amber Group and Herring Global, have not encountered any issues, and everything is operating normally. The smart contracts of the tokens are also functioning well, with no security problems. The foundation is managing and custodializing the tokens according to the procedures, with no abnormal operations.
As for why the price suddenly collapsed, the project party analyzed the data at hand and concluded that it was mainly due to large-scale liquidations occurring in the perpetual contracts, combined with the strong bearish forces in the market, which led to severe price fluctuations. However, they also mentioned that they haven't fully grasped the entire situation yet and are still waiting for more information to confirm. It seems this matter needs to be observed further.