Meaning of the word "panic selling" in English

What does "panic selling" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

panic selling

US /ˈpænɪk ˈsɛlɪŋ/
UK /ˈpænɪk ˈsɛlɪŋ/

Noun

the rapid selling of investments, typically when prices are falling, caused by a sudden and widespread fear among investors

Example:
The news of the economic downturn triggered widespread panic selling in the stock market.
Investors engaged in panic selling after the sudden drop in cryptocurrency prices.