In a report published on November 12, 2026, at 10:56 a.m. UTC+8, BlockBeats cited monitoring by ai_9684xtpa on the meme token MAX. The token’s market capitalization had briefly exceeded $13 million, while its price was 86.4% below its high at the time of the report. Those are separate measures; the report did not quantify the decline in market capitalization.
According to the report, Elon Musk had followed an account called ChainChomp131, which had about 5,000 followers, in the preceding two days. The account was suspected, not confirmed, to belong to his son Saxon. It issued MAX early on November 12, and Musk later unfollowed it. The reported sequence does not establish that the follow or unfollow caused the price move.
BlockBeats also reported that wallet 9BMzT…FQdLU bought MAX as it rose and continued buying after the price fell. It had invested a total of $72,800 and was down approximately $53,900 at the time of the report; the report described its assets as declining 70% within five hours.
Source: theblockbeats.info (originally published 2026-11-12 10:56 UTC+8)
