Barely a week after launch, the physical AI token AXIS came under pressure from its own insiders. Wallets tied to the team reportedly received more than 76M AXIS (over $12M) from a multisig and began market selling, with one insider address on Base among the sellers.

The tokens were sold through DEXs on Base and sent to Bitget, and the price dropped about 40% over 24 hours. AXIS went live on October 21, 2026.

One insider alone sold 42M AXIS on Base and now holds over $5.04M in USDC across 8 wallets.

The project has not publicly addressed the allegations. Holders face the risk of further selling while insider allocations remain liquid.