Musk Unfollows Account Suspected of Being Linked to His Son as MAX Falls 86.4%

According to ChainCatcher citing ai_9684xtpa, Elon Musk followed the account ChainChomp131 two days ago; the account, which has about 5,000 followers, is suspected of belonging to his son Saxon. Early today, the account launched MAX, a meme coin whose market capitalization briefly exceeded $13 million. After Musk unfollowed the account, MAX fell 86.4% from its peak. One wallet, 9BMzT…FQdLU, bought MAX as its price rose and continued adding to its position during the decline. It invested a total of $72,800 and is currently down about $53,900, with its assets losing 70% of their value within five hours.