Mastercard tokenized stock (xStock) (MAX)

This new $MAX token is pretty hilarious.

It supposedly has a $12M market cap, yet trying to buy or sell any decent size comes with ~20%+ slippage.

At this point, I can see only two outcomes: either it slowly bleeds to zero, or it absolutely moons on this paper-thin liquidity (at least until the whales wake up and collect the free money).

Either way, it's the first airdrop for $HYPE holders/stakers this year (and there was a time when that used to be the norm).

Traders pulled up to $30k in $MAX from the Hyperliquid airdrop.

Most of it sold straight into the $100M market cap print.

$MAX, a memecoin airdropped to $HYPE holders on Hyperliquid, generated $250M in volume before plunging over 90% to a $3M market cap.

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