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Meme coin MAX falls over 86% from peak after Musk unfollows account

Meme coin MAX fell 86.4% from its peak after Elon Musk unfollowed the X account ChainChomp131, which is believed to belong to his son Saxon. The account launched MAX early on November 12, briefly pushing its market cap above $13 million. One address, 9BMzT…FQdLU, bought into the rally and kept averaging down, investing $72,800 in total and sitting on losses of about $53,900.

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