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Solana Mainnet Meme Coin "67" Whale Sells Off, Leading to 74% Flash Crash
BlockBeats News, December 26th, according to GMGN monitoring, at 9:00 today, the top address (H4s6) on the Solana on-chain Meme coin "67" holding list sold all of its 20.1 million coins in a short period, causing a flash crash in the price of "67". The price plummeted rapidly by 74% from $0.019 to a low of $0.005, and has since rebounded to around $0.014.
Previously, this address had bought in with $514,000 at an average price of around $0.0246, and due to the continuous price drop, it eventually liquidated at an average price of $0.0107, realizing a loss of about $290,000, with a loss ratio of 56.1%. During this sell-off, the address quickly liquidated all buy orders in the $0.005 to $0.019 range and exited rapidly.
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