Solana Meme Coin '67' Hit by Massive Liquidation: 74% Price Crash in Hours

The Solana-based meme coin ‘67’ experienced a dramatic price collapse, plummeting 74% from $0.019 to $0.005 within a short timeframe. According to Chainthink’s data, this sharp correction was triggered by a major wallet (H4s6) offloading 20.1 million tokens rapidly into the market.

The Liquidation Details

The whale address that initiated the sell-off had previously accumulated its holdings at an average entry price of $0.0246, having deployed approximately $514,000 into the position. However, the sudden exit at around $0.0107 per token resulted in a significant realized loss of $290,000, representing a 56.1% haircut on the initial investment.

Market Impact and Order Book Implications

The aggressive dumping strategy proved effective in achieving a rapid exit, as the large volume eliminated all buy support between $0.005 and $0.019 price levels. This liquidity destruction allowed the seller to move the entire position without encountering additional resistance, showcasing the vulnerability of early-stage meme coins to concentrated holder actions—a pattern familiar within the ryan day meme and broader Solana meme ecosystem dynamics.

The incident highlights the inherent risks in meme coin investments, where large holders possess the power to significantly move prices and eliminate previously established support levels within minutes.