SAHARA Crashes 60% Post-Binance & Upbit Listings—Classic ’Buy the Rumor, Sell the News’?
SAHARA token holders got a brutal lesson in crypto economics today as the asset nosedived 60% immediately after securing premium exchange listings.
The irony? This bloodbath coincided with SAHARA's debut on Binance and Upbit—the very exchanges meant to boost liquidity and legitimacy. Instead, traders dumped the token with the enthusiasm of a Vegas high-roller hitting the cash-out button.
Market Dynamics: When Listings Backfire
Typically, exchange listings trigger short-term price pumps as traders front-run anticipated demand. But SAHARA's chart tells a different story—a textbook 'sell the news' event where early investors cashed out en masse.
Welcome to crypto's version of the 'IPO pop'—except here, the only ones getting rich are the market makers collecting fees on both sides of the trade.
What is Sahara AI?
Sahara AI is an artificial intelligence-native blockchain platform designed to accelerate the transition to an AI-driven future. It is one of the projects featured in Binance’s HODLer airdrops program. Its native token powers functionalities across the AI platform’s ecosystem.
SAHARA has a maximum token supply of 10 billion, with 64% allocated to community growth, ecosystem development, and public participation. Of this, 8.15% is designated for airdrops, 20.75% for community incentives, and 33.93% for ecosystem development.
The Sahara AI mainnet remains in development, but the native token is live on ethereum and the BNB Smart Chain. Core utilities include network access, payment of gas fees, staking to help secure the network, and voting on governance proposals.
SAHARA exchange listings
On June 26, Binance announced it WOULD be adding the project’s native token to its platform across Earn, Buy Crypto, Convert, Margin, and Futures. The listing of SAHARA perpetual contracts on Binance Futures with up to 75x leverage was scheduled to go live at 12:00 UTC on the same day.
In addition to Binance, other exchanges to add support for SAHARA futures include Bitget, which announced a listing with up to 50x leverage and trading bot support.
Meanwhile, crypto exchange Upbit added spot trading with Bitcoin (BTC), Tether (USDT) and KRW pairs. Bithumb also announced a SAHARA/KRW pair.
he sell-off to lows of $0.10 follows the launch of the USDS-M SAHARA perpetual contract. A buildup of anticipation ahead of the launch provided savvy traders with an opportunity to take profits amid the new trading opportunities.
