ZachXBT Says Axis Robotics Insiders Sold More Than 76 Million Tokens

Blockchain investigator ZachXBT said Axis Robotics insiders took more than 76 million Axis Robotics (AXIS) tokens from a multisignature wallet and sold them as AXIS fell about 40% in 24 hours. The tokens were valued at more than $12 million, ZachXBT said.

The tokens were sold through decentralized exchanges, and some were transferred to Bitget, ZachXBT said. The account describes a withdrawal from a multisignature wallet, subsequent sales on decentralized exchanges and transfers of some tokens to the exchange. The withdrawal came first, followed by the sales and exchange transfers.

ZachXBT also said one insider sold 42 million AXIS on Thursday. That insider now holds more than 5.04 million USDC across eight wallet addresses.

The 42 million-token sale was described alongside the broader outflow of more than 76 million AXIS. ZachXBT linked the reported selling and transfers with the roughly 40% slide over that same 24-hour window.