On-chain detective ZachXBT revealed that suspected Axis Robotics insiders received over 76 million AXIS tokens (worth over $12 million) from the team's multi-signature wallet, subsequently dumping them via decentralized exchanges (DEXs) and depositing them into Bitget. One insider directly dumped approximately 42 million tokens (about $5.04 million USDC) from the team's multi-signature wallet, causing the AXIS token price to plummet by 40%, just a week after it was listed on Coinbase, Upbit, and Binance.

Axis Robotics responded, stating that 83.5% of team and investor tokens remain locked in a Binance co-managed vesting contract and will not unlock for 12 months. The dumped tokens originated from the initial circulating ecosystem allocation, which was intended for an OTC counterparty to introduce non-crypto entities. However, this counterparty allegedly violated lock-up terms and sold on the open market. Axis has suspended the partnership and initiated legal action, pledging that future ecosystem tokens will only be distributed via on-chain vesting mechanisms. ZachXBT questioned why it took the team two days to discover that 25% of the TGE circulating supply had been dumped, and why they did not prevent it or issue a statement beforehand.