Sahara official response to the Token big dump: market makers are normal, Get Liquidated is the main reason.

[Coin World] Sahara just posted a tweet clarifying the recent fluctuation in token prices.

They specifically mentioned that AmberGroup and HerringGlobal, the two market makers, are fine, and their behaviors were found to be normal. The smart contract side also confirmed that everything is safe, and the code has not been tampered with. The management and custody rights of the Token are all held firmly by the foundation, and outsiders cannot touch them.

As for why the price suddenly plummeted and then rebounded? The official explanation is: at that time, there were large amounts of perpetual contracts being liquidated, combined with a pile of short positions in the market, the two forces overlapping caused the price to drop. In simple terms, it's a typical chain reaction of liquidation.

The Sahara team is currently in one-on-one communication with major trading platforms, continuing to collect on-chain and off-chain trading data to thoroughly understand the ins and outs of the entire incident. Once they verify the information with the exchanges and obtain more solid evidence, they promise to release a detailed update again.

It seems that the story behind this fluctuation has not fully surfaced yet.