A major holder's sell-off of the Solana-based meme coin "67" causes its price to crash by 74%
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At 9:00 on December 26 (UTC+8), a top holder address (H4s6) of the Solana-based Meme coin "67" rapidly sold all of its 20.1 million tokens, causing the price of "67" to flash crash by 74% from $0.019 to a low of $0.005, before rebounding to around $0.014. Previously, this address had accumulated its position at an average price of approximately $0.0246, with a total cost of $514,000. It eventually liquidated at an average price of $0.0107, resulting in a loss of about $290,000, with a loss rate of 56.1%. During the sell-off, this address cleared all buy orders in the $0.005 to $0.019 range.
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