The meme coin SPX6900 (SPX) experienced a significant drop in value, falling from $0.68 to $0.46 within 24 hours, amid the broader #CryptoCrash and #MarketDrop. A major whale, who had initially invested $161,000 to purchase 7.79 million SPX coins two months ago, began selling his holdings 11 hours ago. So far, he has sold 638,000 SPX coins for $562,000 at a price of $0.88 per coin, resulting in a profit of $6.4 million, representing a 40x return. Despite the recent price drop, the whale still holds 7.15 million SPX coins valued at $6 million.