Solana Meme Coin '67' Holder Exit Triggers 74% Collapse as 20M Token Sale Floods Market

quietly_staking · 2026-01-05T13:45:09+00:00

A significant liquidation of the Solana-based meme coin '67' by a major holder caused its price to plummet 74%. This incident highlights the risks posed by concentrated holder positions in low-liquidity tokens, leading to market panic and systemic fragility.

quietly_staking

2026-01-05 13:45:09

Abstract generation in progress

A major price crash in Solana-based meme coin ‘67’ has exposed the risks of concentrated holder positions. On December 26, a significant wallet holder offloaded 20.1 million tokens within a compressed timeframe, causing the token’s valuation to plummet from $0.019 to $0.005—a devastating 74% decline.

The Liquidation Details

The wallet in question (H4s6) had accumulated the position at substantially higher levels, averaging $0.0246 per token for a total entry cost of $514,000. The hasty exit executed at $0.0107 per token generated a loss of approximately $290,000, representing a 56.1% drawdown on the initial investment.

Market Structure Collapse

The massive liquidation proved particularly destructive because it cleared the entire buy-side support structure between $0.005 and $0.019. By removing all intermediate bid levels in one transaction, the seller forced through a market panic that traditional order book depth couldn’t absorb. This gave the holder priority execution but at the severe cost of price discovery.

Implications for Meme Coin Participants

The event underscores a critical vulnerability in low-liquidity meme tokens on Solana—large holders possess disproportionate exit risk, and their departure can trigger cascading selling pressure. For smaller token holders and recent buyers, the episode serves as a reminder that concentrated ownership structures create systemic fragility.

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