Meme coins on Solana lost 74% of their value in just a moment, and the "67" investor finally couldn't withstand it anymore.

On the morning of December 26th, the market experienced an unexpected sell-off storm. According to data from GMGN, a large account holding an enormous “67” on the Solana network decided to completely liquidate, resulting in a dramatic price crash from $0.019 down to a weak support level of $0.005 – a 74% loss in a very short period.

What happened?

This meme address initially pumped in $514,000 at an average price of $0.0246. Perhaps at that time, they dreamed that “67” would be the next big coin to skyrocket, but the market was not favorable. The price kept sliding, selling pressure increased, and finally, that wallet had to give in.

Instead of holding, the owner decided to close the position immediately. They liquidated all 20.1 million tokens at an average selling price of $0.0107, recording a significant loss of 56.1% – losing a total of $290,000.

Market impact

This sell-off triggered a domino effect. All buy orders supporting the price from $0.005 to $0.019 were shattered in the blink of an eye. Afterwards, the price recovered quite strongly around $0.014, but the losses of these meme address holders became the event of the day.

This is a warning to those who still trust that the “big brothers” will support the price – they are not always on your side.