Axis Robotics launched its AXIS token on October 21, 2026, with a total supply of 1 billion tokens. At the event, 165 million tokens entered circulation. The remaining 835 million tokens are held in a vesting contract managed with Binance, requiring 4-of-6 signatures for movement.
On October 29, 2026, over 76 million AXIS tokens were withdrawn from a team-controlled multisig wallet. On-chain investigator ZachXBT reported that approximately 42 million tokens were sold within 24 hours, resulting in proceeds of over USDC 5.04 million.
Following the report, the price of AXIS fell by approximately 40% in one day. The token had previously reached an all-time high of about $0.361 and subsequently declined to approximately $0.14.
Axis Robotics denies insider selling, attributing the transaction to an over-the-counter counterparty. The project claims this buyer breached a lock-up agreement and sold the tokens immediately after acquisition.
