On-Chain Sherlock's Action: Was the Axiom Incident an Accidental Flop or an Inevitable Collapse?

When ZachXBT once again "lights up the books" on-chain, the Axiom incident instantly escalated from niche community discussion to a nationwide spectacle. There's a pattern in the crypto world: projects fear bear markets, but they fear Zach going live even more.
The core of such exposure isn't about emotions but on-chain evidence. Zach's style has always been straightforward and blunt—address tracking, fund flow reconstruction, timeline piecing. Instead of listening to project teams tell PPT stories, he trusts blockchain explorers. As a result, the fund flows, related wallets, and historical interactions of Axiom are laid out clearly on the table.
Humorously speaking, there's no real "delete button" in the on-chain world—only a "trace back" button. Many project teams think changing wallets can change identities, but on-chain data is like fingerprints; they can't be erased.
From a market perspective, such exposure may cause short-term emotional fluctuations, and price drops are almost reflexive. However, in the medium to long term, it benefits industry health. Clearing risky projects creates space for truly dedicated teams to thrive.
Conclusion: Zach isn't a bull or a bear; he's more like a janitor. The Axiom incident reminds everyone— in the crypto world, transparency is the strongest moat. #ZachXBT曝光Axiom事件