A reported MAX address illustrates the difference between an on-chain trading pattern and an identified trader. In a report published on November 12, 2026, at 10:57 a.m. UTC+8, TechFlow said address 9BMzT…FQdLU bought MAX while its price was rising and continued buying as it fell. The address had put in about $72,800 and had an estimated $53,900 unrealized loss; the report described its assets as falling roughly 70% over five hours. The abbreviated address does not establish who controlled it.
The report said MAX launched in the early hours of November 12, briefly exceeded a $13 million market capitalization, and later traded 86.4% below its high. Citing monitoring by Ai Yi, TechFlow also reported that Elon Musk had followed—and subsequently unfollowed—an X account, @ChainChomp131, with about 5,000 followers. The account was suspected of belonging to his son Saxon, but that connection had not been confirmed. The sequence does not, by itself, establish what caused MAX’s price move.