[Solana On-Chain Meme Token '67' Experiences 74% Flash Crash Due to Major Holder Sell-Off]
At 9:00 AM on December 26 (UTC+8), a top-ranking address (H4s6) on the Solana chain holding Meme token '67' sold off its entire position of 20.1 million tokens in a short period, causing the price of '67' to flash crash by 74% from $0.019 to a low of $0.005. The price has since rebounded to around $0.014. The address had previously built its position at an average price of approximately $0.0246, with a total cost of $514,000, and ultimately liquidated its holdings at an average price of $0.0107, resulting in a loss of approximately $290,000, with a loss rate of 56.1%. During the sell-off, the address wiped out all buy orders within the $0.005 to $0.019 range.