---
title: "On-Chain Analysis Ties 47 Wallets to 16.8% of MAX Supply; 26 Bought in First Two Minutes"
url: https://thecoingazette.com/on-chain-analysis-ties-47-wallets-to-16-8-of-max-supply-26-bought-in-first-two-minutes/
date: 2026-11-12
modified: 2026-11-12
lang: en
author: "Coin Gazette Editorial"
description: "MAX reached a market capitalization of about $13 million within 48 hours of launch."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 14
---

# On-Chain Analysis Ties 47 Wallets to 16.8% of MAX Supply; 26 Bought in First Two Minutes

MAX reached a market capitalization of about $13 million within 48 hours of launch.