Axis Robotics suspends OTC dealings over AXIS sell-off suspicion

Axis Robotics has suspended all dealings with an over-the-counter counterparty due to suspicions of large AXIS sales into the market on October 28-29. The tokens sold were part of the ecosystem allocation from the initial circulating supply and were delivered under a written agreement that included lock-up terms. If the sales occurred, it would constitute a breach of contract. Axis Robotics stated that 835 million AXIS, subject to lock-up, remains under vesting agreements, representing 83.5% of the total supply, and will not be unlocked before the end of a mandatory 12-month lock-up period. The company plans to review the contract with legal counsel, pursue all available contractual remedies, and distribute remaining ecosystem tokens only through on-chain vesting in the future.

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