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Update: We have replenished the ETH-side of our CCIP bridge pool and transfers are now fully operational. Yesterday, a surge in withdrawals to Ethereum depleted the pool, causing some transactions to get stuck. If you still have a pending transaction, it should be moving shortly.
Update: Team and investor wallet allocations are fully untouched on-chain. No team or investor tokens have been sold or moved.
The transfers being cited as the cause of today's price movement were a pre-scheduled fill of our Chainlink CCIP bridge contract to provide liquidity for our recently launched cross-chain bridge. This is unrelated to the market movement. The 600M $SAHARA transfer was planned and the bridge is operating as designed. There is an additional 150M pending to be added for additional liquidity.
We are still investigating the market movement and will share more when we have information we can confirm.
Verify the CCIP transfers on-chain: https://t.co/HXpdFtCHMy
We are aware of the unusual $SAHARA market volatility that just occurred and are actively monitoring the situation in real time.
There are no security issues on our token contracts or products. Our team has initiated an internal investigation to better understand the drivers behind the fluctuation.
We will provide further updates soon.
Cross-chain bridging is coming to $SAHARA!
Soon you'll be able to bridge between Ethereum and BNB Chain in seconds. Over the next few hours you'll see us funding the bridge infrastructure on both networks.
Full details coming soon.
Permissionless exchange deployments plus an AI trading strategy layer!
Sahara AI is excited to help empower @OKX and @XLayerOfficial with autonomous agents across spot, perps, and prediction markets.