A car carrying 7,240 Ecstasy pills crashed into a roadside sign after a high-speed chase through Benidorm.
Policia Nacional arrested two men. Both were 35 years old, and had an undisclosed nationality.
They were stopped by a police officer at a checkpoint in the early morning hours, but then took off.
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Police patrols have been deployed to secure the main road exits and ensure the safety for other road users.
The pursuit ended after the car crashed into a roadsign and the passengers tried to escape by foot.
Officers detained them just a few meters away from the accident scene.
The car was searched and a stash of 7,240 Ecstasy pills, weighing less than one and a half kilograms, were found.
Officers seized €680 in cash and several mobile phones including a satellite phone which had the capability to block geo-location tracking.
Also, they had pepper spray for self protection if required.
Both men were brought to a Benidorm criminal court, one of whom had a criminal background.