Solana on-chain Meme coin "67" large holder liquidates holdings and sells off, causing its price to plummet by 74% at one point

BlockBeats News, December 26 — According to GMGN monitoring, at 9 AM today, the top address (H4s6) on the Solana chain Meme coin “67” holdings list suddenly sold all 20.1 million tokens held, causing the price of “67” to flash crash. The price rapidly dropped 74% from $0.019 to a low of $0.005, and has since rebounded to around $0.014. The address previously used $514,000 to build a position at an average price of approximately $0.0246. Due to the continued decline in the coin’s price, it eventually liquidated at an average price of $0.0107, realizing a loss of about $290,000, with a loss rate of 56.1%. During this sell-off, the address quickly broke through all buy orders in the $0.005 to $0.019 range and exited rapidly.