ZachXBT: Axis Robotics (AXIS) insider address sell-off caused token to plummet by about 40%

According to on-chain detective ZachXBT, insiders at Axis Robotics (AXIS) obtained over 76 million AXIS tokens (worth over 12 million USD) from a multi-signature wallet, then sold them off via DEX and transferred some tokens to Bitget exchange. As a result, the AXIS price plummeted by 40% in the past 24 hours.

One of the insiders sold 42 million AXIS tokens and currently holds over 5.04 million USDC across their 8 wallet addresses.