Yes, the claim checks out on price, timing and wallets, though the original ZachXBT post itself wasn't found, only widely reposted copies.

Yes, the claim checks out on price, timing and wallets, though the original ZachXBT post itself wasn't found, only widely reposted copies.

Reports attributed to ZachXBT say insiders received 76M+ AXIS worth $12M+ from a multisig about 8 days after AXIS went live Oct 21, sold ~42M AXIS via Base DEXs and sent more to Bitget, leaving 5.04M USDC across 8 wallets. Multiple X posts repeat this with the Base contract 0x5bE7…55ea, and Telegram chats report the same: "получили >76 млн токенов AXIS" cryptoattack24 and "-36% инсайдеры начали продавать в рынок около 90 млн токенов AXIS" markettwits.

On-chain, the named cluster does hold ~$5M in USDC now on Base: 0x6661…b2c62 holds 1.36M USDC, 0xcc27…42f7 holds 949k USDC, 0xf07e…b0eb0 holds 745k USDC, 0x99cd…14c49 holds 375k USDC, 0x4ef7…22e5d holds 76k USDC, with the rest in the other listed wallets totaling ~5.04M, consistent with a ~42M AXIS sale. Arkham flow also shows a Bitget deposit address moving 7.5M AXIS and heavy DEX router volume in the last 7 days.

Price confirms a ~40% crash within a week of launch: GeckoTerminal quotes AXIS at $0.144 on Base with -32.9% in 24h, MEXC spot quotes $0.1451, -32.97% in 24h, KuCoin spot $0.146, -32.5%, Gate perp -32.04%. No team response was found in the sources checked.