The Parcl protocol on Solana lost 40% of the total value locked after launching the PRCL token.
According to data from DefiLlama, users withdrew more than 40% of the total value locked (TVL) from the Parcl real estate market betting platform.
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The snapshot was intended for an airdrop that took place on April 15. However, in the context of its implementation, the TVL of the Solana-based project plummeted from $185.6 million to $109 million. The Parcl team noted that it had fined the addresses of users it suspected were involved in the Sybil attack.
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After trading began at the opening price of $1, the PRCL token fell to around 50 cents per coin. At the time of writing, the token is trading at 47 cents, having fallen 14.5% in the last 24 hours.
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On April 16, Parcl announced the launch of its PRCL token. Early adopters of the Parcl ecosystem and core community members can claim the token until December 31.
Several cryptocurrency projects have announced airdrops. Earlier this month, the Wormhole cross-chain protocol on Solana distributed W tokens, attracting a lot of attention from scammers. After reaching a high of $1.50, the price of the coin also fell to around 60 cents.
The nft platform of the Tensor blockchain ecosystem also has twitter.com/TensorFdn/status/1767616700609171508″ target=”_blank” rel=””>thrown out a governance token. On April 9, the price of the asset approached the $2 mark, but has since fallen to around 80 cents.
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