Christopher Bell and Denny Hamlin were leading the rows on the outside and the inside respectively, with Cole Custer and Austin Cindric behind.
Custer was trying to give Bell a push to move up and try to get ahead of Hamlin. However, Bell's car soon got out of shape when he did so, slamming into the wall and flying into the #60 car of Preece behind.
As you can see above, it was a very nasty incident, with the car going fully airborne at one stage before flipping over and sliding to the inside of the track.
Fortunately, Preece appeared unharmed despite the dramatic incident but was naturally taken to the infield care center to be checked up on, along with Christopher Bell.
Thankfully, NASCAR later announced that both Preece and Bell had been evaluated and released from their care in a statement on Twitter.
Sadly, this is the second time in his career that Preece flipped at Daytona after an incident two years ago.
Back in 2023, Preece was involved in a perhaps even more terrifying incident when driving the #41 car for Stewart-Haas Racing, with his car barrel rolling and catching flames on that occasion.