Meme coin '67' on Solana Dumps, Price Crashes, Losing Over 3/4 of Its Value

A large-scale sell-off event has triggered a sharp decline wave for the meme coin '67' based on the Solana blockchain. On December 26th, a major account ( with address H4s6) sold off 20.1 million tokens into the market, causing the meme coin to plummet by 74% in a single move.

**Loss-making Transaction Details**

The sell-off was executed at a price of $0.0107/token, significantly lower than the initial entry point of $0.0246. This discrepancy resulted in the token holder incurring a loss of up to $290,000. Clearly, this was not a prudent trading decision, as the investor chose to accept a substantial loss to offload tens of millions of tokens.

**Impact on the Meme Coin Market**

This massive selling volume completely wiped out the buy support layers at price levels from $0.005 to $0.019. This demonstrates the fragility of the order book and the meme coin '67's' capacity to absorb buy orders, where support buy orders are insufficient to prevent a cascading price drop. This event is a clear illustration of the extremely unfavorable risk-reward ratio in this trade.