Solana Meme Coin '67' Tanks 74% as Whale Unloads 20.1M Tokens in Single Move

A significant liquidation event rocked the Solana meme coin ecosystem on December 26. According to Chainthink’s tracking data, a major token holder executed a massive sell-off of 20.1 million ‘67’ tokens (from address H4s6), triggering a severe market correction that sent the token price cascading downward by 74%, falling from $0.019 all the way down to $0.005.

The Anatomy of a Failed Position

The holder’s exit proved far more costly than anticipated. Having accumulated the tokens at an average acquisition price of $0.0246—totaling an initial investment of $514,000—the seller was forced to offload at a significantly lower average price of $0.0107. This represented a substantial loss of $290,000, translating to a 56.1% drawdown on the original position.

Market Impact and Liquidity Collapse

The speed and scale of the sell-off had immediate consequences for market structure. Every buy order sitting between the $0.005 and $0.019 price range was systematically wiped out, effectively eliminating all support levels in the interim. This liquidity vacuum allowed the seller to exit quickly despite the massive volume, though at deeply depressed valuations. The meme coin’s order book couldn’t absorb such concentrated selling pressure, leaving retail traders exposed to severe slippage and significant losses.