Crypto KOL: Sahara's sharp drop last night was due to the liquidation of a market maker.
TL;DR
A market maker's liquidation caused SAHARA's sharp price drop. The maker manipulated projects like MMT and SAHARA, leading to position restrictions and risk control.
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According to Odaily Odaily, KOL Crypto Fearless posted on the X platform that the unusual price drop of SAHARA last night was due to the recent liquidation of an active market maker. Insiders analyzed that this active market maker had been manipulating multiple well-known projects, including MMT and SAHARA. Later, the market maker was found to have engaged in abnormal market-making activities on a particular project by the trading platform, leading to the identification of all associated addresses/account clusters and the restriction of their overall positions. Ultimately, the positions were subject to risk control, resulting in last night's price plunge.