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Solana On-Chain Meme Coin: 67 Major Holders Sell Off, Causing Price to Plummet 74%
Summary: According to GMGN monitoring, at 9 am today, a top address (H4s6) holding 20.1 million coins of a Solana on-chain meme coin sold off all its holdings, causing a flash crash in the price of 67, plummeting 74% from $0.019 to a low of $0.005 before rebounding to around $0.014. This address previously bought in ...
According to GMGN monitoring, at 9 am today, a top address (H4s6) holding 20.1 million coins of a Solana on-chain meme coin sold off all its holdings, causing a flash crash in the price of 67, plummeting 74% from $0.019 to a low of $0.005 before rebounding to around $0.014.
This address previously bought in with an average price of $0.0246, investing $514,000, but due to continuous price drops, it liquidated at an average price of $0.0107, resulting in a loss of approximately $290,000, with a loss rate of 56.1%. During this sell-off, the address quickly exited by breaking through all buy orders in the $0.005 to $0.019 range.
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Link: Solana On-Chain Meme Coin: 67 Major Holders Sell Off, Causing Price to Plummet 74% [Copy]
