AXIS token down 40% in 24 hours as insiders reportedly sold 76M+ tokens after launch

The AXIS token is down 40% in 24 hours, eight days after launch. According to ZachXBT, insiders received 76M+ AXIS from a multisig and sold through DEXs and transferred tokens to Bitget, with one insider reportedly selling 42M AXIS for over $5M in USDC across 8 wallets.

Detected & updated continuously · Source: Nebula