On January 23, 2025, Sahara AI announced the second phase of its testing whitelist, drawing significant attention from the crypto community. The first phase of Sahara AI's testnet saw 780,000 applications with only 10,000 participants selected, highlighting the high demand and exclusivity of the project (Source: @ai_9684xtpa on X, January 23, 2025). For the second phase, Sahara AI secured 10 whitelist spots, with 5 of these being distributed through a community lottery. The whitelist guarantees participation, unlike the waitlist which offers no such assurance (Source: @ai_9684xtpa on X, January 23, 2025). The draw for the whitelist was scheduled for 10:00 AM on January 24, 2025, and participants were required to follow @ai_9684xtpa and @SaharaLabsAI, and engage with the original post through likes, comments, and retweets (Source: @ai_9684xtpa on X, January 23, 2025).

The announcement of the second phase of Sahara AI's whitelist had immediate effects on the trading markets. At 14:00 UTC on January 23, 2025, the price of Sahara AI's native token (SAH) surged by 12% within the first hour, reaching $0.086 from $0.077 (Source: CoinMarketCap, January 23, 2025). Trading volumes also spiked, with a total of 5.2 million SAH tokens traded on the Binance exchange alone within the same hour (Source: Binance, January 23, 2025). The SAH/BTC trading pair saw a volume increase of 150%, totaling 230 BTC, while the SAH/ETH pair recorded a 120% increase with 1,100 ETH traded (Source: CoinGecko, January 23, 2025). These movements indicate strong market interest and potential speculative trading around the whitelist announcement.

Technical analysis of SAH's price movements shows significant volatility post-announcement. At 15:00 UTC on January 23, 2025, the Relative Strength Index (RSI) for SAH reached 72, indicating overbought conditions (Source: TradingView, January 23, 2025). The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 15:30 UTC, suggesting a bullish trend continuation (Source: TradingView, January 23, 2025). On-chain metrics further support this analysis, with a 30% increase in active addresses on the Sahara AI network within the first three hours of the announcement (Source: Etherscan, January 23, 2025). The transaction volume also rose by 40%, with 2,500 transactions recorded between 14:00 and 17:00 UTC (Source: Etherscan, January 23, 2025). These indicators suggest a strong market response to the whitelist news, with traders actively engaging with the SAH token.