On November 12, 2026, TechFlow reported that the MAX meme coin had briefly exceeded a $13 million market capitalization before its price fell 86.4% from its high. The report linked the move to attention around an X account that Elon Musk had followed and later unfollowed, but the account’s alleged connection to his son Saxon remained unverified.
Citing monitoring by Ai Yi, TechFlow said the account, @ChainChomp131, had about 5,000 followers. MAX launched in the early hours of November 12. On-chain data cited in the report showed that wallet 9BMzT…FQdLU bought MAX as its price rose and continued buying during the decline. It had invested about $72,800 and held an unrealized loss of about $53,900; its assets had fallen by roughly 70% over five hours.
Original report: TechFlow, published November 12, 2026, at 10:57 a.m. UTC+8.