This MAX meme coin has fallen 86.4% from its peak. When it launched in the early hours of November 12, its market cap briefly exceeded $13 million.
Two days before the post, Musk followed @ChainChomp131, an account with only around 5,000 followers. Some speculated it belonged to his son, Saxon. In the early hours of the 12th, the account posted about MAX. Not long after, Musk unfollowed it, and the price slid from its peak.
One address, 9BMzT…FQdLU, kept buying, adding to its position as the price fell. It poured in a total of $72,800, lost $53,900 in five hours, and saw its assets shrink by 70%. Whether the account really belongs to Saxon remains, to this day, only “suspected.”
Two days before the post, Musk followed @ChainChomp131, an account with only around 5,000 followers. Some speculated it belonged to his son, Saxon. In the early hours of the 12th, the account posted about MAX. Not long after, Musk unfollowed it, and the price slid from its peak.
One address, 9BMzT…FQdLU, kept buying, adding to its position as the price fell. It poured in a total of $72,800, lost $53,900 in five hours, and saw its assets shrink by 70%. Whether the account really belongs to Saxon remains, to this day, only “suspected.”
