An account with roughly 5,000 followers became the focus of a MAX meme-coin story on November 12, 2026. Citing monitoring by ai_9684xtpa, BlockBeats reported that Elon Musk had followed the account, ChainChomp131, in the preceding two days. The account was suspected, not confirmed, to belong to his son Saxon.
According to the report, the account launched MAX early on November 12, and the token’s market capitalization briefly exceeded $13 million. Musk subsequently unfollowed the account. MAX’s price was then 86.4% below its high; the report does not establish that the unfollow caused the decline.
BlockBeats also described a loss for address 9BMzT…FQdLU: it bought MAX as the price rose and continued buying after it fell, investing a total of $72,800. The address was down approximately $53,900, with its assets shrinking 70% over five hours.
Original report: BlockBeats, November 12, 2026, 10:56 a.m. UTC+8.