26.06.2025 23:43

Sahara AI (SAHARA), the native token of an artificial intelligence-focused blockchain platform, has experienced a dramatic price drop exceeding 60% following its listing on several prominent cryptocurrency exchanges. The token, which had reached highs of $0.31, now trades around $0.10, indicating significant sell-off pressure in the aftermath of its debut.

Several major exchanges, including Binance, Upbit, Bithumb, and Bitget, facilitated the SAHARA listing. Binance, for instance, added the token across various functionalities encompassing Earn, Buy Crypto, Convert, Margin, and Futures services, launching perpetual contracts with up to 75x leverage. Similarly, Bitget offered SAHARA futures with 50x leverage and integrated trading bot support. Upbit and Bithumb provided spot trading pairs, with Upbit offering BTC, USDT, and KRW pairings, and Bithumb listing a SAHARA/KRW pair.

Sahara AI itself aims to foster the advancement of AI technology through its blockchain platform. Its token, with a maximum supply of 10 billion, has a distribution strategy prioritizing community growth, ecosystem development, and public participation. A significant portion—64%—is dedicated to these areas, split among airdrops (8.15%), community incentives (20.75%), and ecosystem development (33.93%). Though the mainnet is still under development, the SAHARA token is currently functional on both Ethereum and the BNB Smart Chain. Its utilities include network access, gas fee payments, staking for network security, and governance voting.

The precipitous price decline to $0.10 followed the introduction of the USDS-M SAHARA perpetual contract, suggesting a possible correlation between increased trading volume and significant sell-offs fueled by speculative activity. The substantial price fluctuation highlights the inherent volatility within the cryptocurrency market and the risks associated with newly listed tokens. Sources from various online resources confirmed these events.