So it took your team two days to notice that 25% of the float at TGE was being sold and did not try to get the party to stop or publish a statement prior to my post? Reply to @axisrobotics: Statement on the $AXIS Sell-off of 28–29 October Over the past two days, a series of addresses sold a large volume of $AXIS on-chain. We want to set out clearly what these tokens were and what we are doing about it. 1. No team or investor tokens were sold. All Core Team and investor allocations, together with every other locked allocation, 835,000,000 $AXIS (83.5% of total supply), remain in the vesting contract, which is jointly administered with Binance: 0xAFE41cfd4C21f1D896678e32C5AD456ea41835e6. Anyone can verify the balance on BaseScan. Not a single token has left it, and none unlocks before the 12-month cliff. 2. Where the sold tokens came from. The tokens sold came from the initial circulating supply set out in our published tokenomics, specifically part of the Ecosystem allocation. Many ecosystem recipients are not crypto-native, so their allocation was delivered through a single OTC counterparty, under a written agreement that includes lock-up terms. 3. What we believe happened. The pattern of the sales, which went through exchange deposit routes and hundreds of fresh addresses within hours of delivery, strongly suggests that the OTC counterparty sold these tokens on the open market. If so, this is inconsistent with the agreement. 4. What we are doing. - We have suspended all further dealings with this counterparty. - We are reviewing the agreement with legal counsel and will pursue every remedy available under it. - Going forward, any remaining Ecosystem tokens will be distributed only through on-chain vesting. The team‘s tokens remain locked, and our commitment to building Axis is unchanged. Quoted @zachxbt: Please explain to the community why an entity received ~42M AXIS from the Axis team multisig to six addresses and sold it for ~5.04M USDC via DEX over the past 24 hours which has caused the AXIS price to crash 40%? You only TGE’d one week ago…. 0xcc279c2499bcf4bd0f169c2d3f333243473242f7 0x66612012c5ad9b2fed81d09a9ab429b5285b2c62 0xf07e96abc54fea70ffeea8d3df7704401e7b0eb0 0x99cd3975c90b79ffdbe16425de033a605b814c49 0xbbed67fec9c7793218fa60c40fb9e6b059d86483 0xe69d8d6b9b7f9056eda455b76384e9748749f4d1 0x4ef72e67e6a7c37ea1378fe2adf811d711422e5d Reply to @axisrobotics: https://x.com/i/article/2115356595370754049