On November 12, 2026, TechFlow reported that meme coin MAX had briefly exceeded a $13 million market capitalization after launching early that morning. It reported that MAX’s price was down 86.4% from its high after Elon Musk unfollowed an X account, @ChainChomp131, that he had previously followed. The report did not establish that the unfollow caused the decline.
Citing monitoring by Ai Yi, TechFlow described the account—which had about 5,000 followers—as possibly belonging to Musk’s son Saxon. That connection remained unconfirmed.
TechFlow also reported on-chain data showing that address 9BMzT…FQdLU bought MAX during its rise and continued buying as it fell. The address had invested about $72,800 and had an unrealized loss of about $53,900; its assets had declined by about 70% over five hours. Those figures describe the reported address’s position, not the coin’s market capitalization or price change.
Source: techflowpost.com (originally published 2026-11-12 10:57 UTC+8)
