ZachXBT: Axis Robotics Insiders Dump AXIS Token, Down 40% in 24 Hours

TechFlow reported on October 29 that, according to on-chain detective ZachXBT, insiders at Axis Robotics (AXIS) obtained more than 76 million AXIS from a multisig wallet, worth over $12 million, then dumped them through decentralized exchanges (DEXs) and transferred some tokens to Bitget, causing AXIS to fall about 40% over the past 24 hours.

The token launched on October 21, 2026. Other data shows that a suspected insider sold 42 million AXIS today via DEXs on the Base network, with proceeds exceeding 5.04 million USDC spread across 8 wallets. The allegations are pending further verification.

Source: TechFlow