Suspected Axis Robotics insiders sold 42M AXIS tokens, ZachXBT says, as price falls 40%
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.7 Articles
7 Articles
The AXIS token lost about 40% in one day. ZachXBT pointed out sales of tens of millions of units that, according to its tracking, were linked to a team wallet. Axis Robotics denied that the team or investors sold and attributed the transaction to an OTC counterpart with whom he claimed to have cut off relationships. It is not confirmed that those sales alone explain the fall.
Axis Robotics has released a comprehensive statement today following the sharp sell-off in its AXIS token. The team provided information regarding the source of the tokens released on October 28-29, and announced that it has halted all new transactions with an over-the-counter trading company it suspects of involvement in the sales. According to the project's statement, the tokens sold originate from the initial circulating supply allocated to t…
ChainCatcher reports that Axis Robotics issued a statement regarding the massive sell-off of AXIS tokens on October 28th and 29th, stating that no team or investor tokens were sold. A total of 835 million AXIS tokens, representing 83.5% of the total supply, are locked and allocated to the team, investors, and others. These tokens remain in a vesting contract co-managed with Binance, and no tokens have been transferred out; they will not be unloc…
Axis Robotics AXIS Crashes 40% as ZachXBT Flags $12M Insider Selling
Axis Robotics’ AXIS token plunged approximately 40% on October 29 after blockchain investigator ZachXBT accused project insiders of transferring more than 76 million tokens, valued at over $12 million, from a team-controlled multisignature wallet before selling tokens on decentralized exchanges. The allegations involve substantial activity on Base, where one suspected insider reportedly sold 42 million… Continue reading Axis Robotics AXIS Crashe…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
