After Musk unfollowed an account suspected of being related to his son, the price of Meme Coin MAX dropped over 86% from its peak
According to ai_9684xtpa monitoring, in the past two days, Elon Musk followed the account ChainChomp131, which has only about 5,000 followers and is suspected to belong to Musk's son Saxon. Early this morning, the account issued the Meme coin MAX, with a market value that once exceeded 13 million dollars. Subsequently, Musk unfollowed the account, and the price of MAX has fallen 86.4% from its peak.
In addition, the address 9BMzT...FQdLU bought in at a high during the rise of MAX and continued to average down after the price dropped, with a total investment of 72,800 dollars, currently facing a loss of about 53,900 dollars, with assets shrinking by 70% within five hours.