MAX Falls 86.4% After Musk Unfollows Account Suspected of Being His Son’s

• MAX fell 86.4% from its peak after Musk unfollowed an account suspected of belonging to his son.
• MAX’s market cap briefly exceeded $13 million following its launch on November 12.
• One wallet spent $72,800 on 9.4M MAX, recording a $53,900 unrealized loss across 53 buys. 

MAX fell 86.4% from its peak after Elon Musk unfollowed an X account suspected of belonging to his son, Saxon. On November 12, the account became associated with the launch of the Solana meme coin MAX, whose market capitalization briefly exceeded $13 million. However, the account’s identity and its connection to Saxon remain unverified.

Account’s Identity Remains Unverified

On November 10, Musk followed the X account @ChainChomp131, according to reports citing onchain analyst ai_9684xtpa. The account had approximately 5,000 followers and was suspected of belonging to Musk’s son, Saxon James Musk.…

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