Max Wallet Description
This is a common practice to improve tokenomics. The Max Wallet extension prevents the rise of whales (i.e., large token holders), whose existence may be worrying for the community, since whales can influence the token price by buying or selling a large number of tokens.
The Max Wallet extension limits the number of tokens that can be held by users. If the extension sets the wallet limit to 1000 tokens, users cannot have more than 1000 tokens on their balance. And any transaction that results in exceeding this limit will fail.
In order to buy more tokens, a user will have to use multiple wallets. This will stimulate the growth of token holders, which is an important metric for the token.