{"id":22794,"date":"2024-06-13T23:30:54","date_gmt":"2024-06-13T20:30:54","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22794"},"modified":"2024-06-13T22:24:01","modified_gmt":"2024-06-13T19:24:01","slug":"solana-based-memecoin-beercoin-crashes-over-70-in-single-transaction","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/solana-based-memecoin-beercoin-crashes-over-70-in-single-transaction\/","title":{"rendered":"Solana-Based Memecoin Beercoin Crashes Over 70% in Single Transaction!"},"content":{"rendered":"<p>Solana&#8217;s (SOL) popular memecoin project, Beercoin (BEER), has lost over 70% of its value in a single transaction.<\/p>\n<p>The &#8220;liquid gold&#8221; memecoin&#8217;s price plummeted this morning.<\/p>\n<p>According to SolanaFloor data, a large BEER investor sold $10 million worth of BEER memecoins early this morning. This sudden and large sell-off triggered a sharp decline in BEER&#8217;s price.<\/p>\n<p>TradingView data shows that BEER&#8217;s price dropped from $0.003 to $0.0008 this morning, losing over 70% of its value.<\/p>\n<p>BEER had gained significant popularity in the Solana ecosystem over the past month. It trended on Twitter in Europe and Asia at the end of last month.<\/p>\n<p>BEER quickly amassed over 300,000 social media followers and held a presale worth 30,000 Solana. It broke records by reaching its target amount in a short period.<\/p>\n<p>After the presale, BEER began trading on Raydium and a few other decentralized exchanges (DEXs).<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/etherscan-acquires-solscan\/\">Solscan<\/a> data shows that BEER has over 41,000 users with a total supply of 885.8 million. The project aims to rival other memecoins like PEPE, WIF, and FLOKI.<\/p>\n<p>You can share your comments on the topic with us. Moreover, if you would like to see more informative content like this, you can follow us on our<strong>\u00a0<a href=\"https:\/\/t.me\/coinmuhendisihaber\" target=\"_blank\" rel=\"noopener nofollow\">Telegram<\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/c\/CoinMuhendisi\" target=\"_blank\" rel=\"noopener nofollow\">Youtube<\/a>,<\/strong>\u00a0and<strong>\u00a0<a href=\"https:\/\/twitter.com\/coinmuhendisim\" target=\"_blank\" rel=\"noopener nofollow\">Twitter<\/a><\/strong> channels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana&#8217;s (SOL) popular memecoin project, Beercoin (BEER), has lost over 70% of its value in a single transaction. The &#8220;liquid gold&#8221; memecoin&#8217;s price plummeted this morning. According to SolanaFloor data, a large BEER investor sold $10 million worth of BEER memecoins early this morning. This sudden and large sell-off triggered a sharp decline in BEER&#8217;s<\/p>\n","protected":false},"author":1,"featured_media":22566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[6831,1332,466,6833,6832],"class_list":["post-22794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-beer","tag-memecoin","tag-pepe","tag-raydium","tag-solanafloor"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana-Based Memecoin Beercoin Crashes Over 70% in Single Transaction! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/solana-based-memecoin-beercoin-crashes-over-70-in-single-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana-Based Memecoin Beercoin Crashes Over 70% in Single Transaction! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Solana&#8217;s (SOL) popular memecoin project, Beercoin (BEER), has lost over 70% of its value in a single transaction. The &#8220;liquid gold&#8221; memecoin&#8217;s price plummeted this morning. According to SolanaFloor data, a large BEER investor sold $10 million worth of BEER memecoins early this morning. This sudden and large sell-off triggered a sharp decline in BEER&#8217;s\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/solana-based-memecoin-beercoin-crashes-over-70-in-single-transaction\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-13T20:30:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-13T19:24:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/BTC-memecoin-1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/solana-based-memecoin-beercoin-crashes-over-70-in-single-transaction\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/solana-based-memecoin-beercoin-crashes-over-70-in-single-transaction\/\",\"name\":\"Solana-Based Memecoin Beercoin Crashes Over 70% in Single Transaction! 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