sahapa

At 23:24 in the early morning, it directly dropped to $0.0346, down 54.17% in 24 hours. It has now barely rebounded to $0.0384, with half of its market value evaporated! What’s even more heart-wrenching is that this project raised $43 million in Series A funding last year, led by top-tier institutions like YZi Labs and Pantera Capital, which shouldn't be so 'fragile'. Today, let's dissect this and see whether this plunge is a natural disaster or man-made, and why a project backed by institutions can also drop so hard.

First, let me provide some background for newcomers: SAHARA is not an unknown entity. It raised $43 million in Series A funding last August and is considered heavyweight in the AI + crypto space. The leading investor, Pantera Capital, is a veteran giant in the crypto world, having invested in star projects like Solana and Avalanche. YZi Labs is also an active player in the AI sector. With these two big names backing it, the market initially had high expectations, but unexpectedly, just over a year later, we witnessed a 'halving drama'. Interestingly, while everyone was guessing whether institutions were cashing out and running away, the officials finally spoke up: there were no unlocks, no security vulnerabilities, and an investigation is underway.