ZachXBT: Insider Selling at Axis Robotics (AXIS) Sends Token Plunging About 40%

October 29: According to disclosures by on-chain detective ZachXBT, insiders at Axis Robotics (AXIS) obtained over 76 million AXIS tokens (worth more than $12 million) from a multisig wallet, then sold them through DEXs and transferred some of the tokens to the Bitget exchange. As a result, the price of AXIS plunged 40% over the past 24 hours. One of the insiders sold 42 million AXIS tokens today and currently holds more than 5.04 million USDC across 8 wallet addresses.