Parcl protocol on Solana lost 40% TVL following airdrop

Attention all DefiLlama data enthusiasts! Prepare to be shocked by the latest findings: a whopping 40% of the total value locked (TVL) has been withdrawn from the highly anticipated Parcl betting platform for real estate. This dramatic decrease in TVL, from a staggering $185.6 million to a mere $109 million, has sent shockwaves through the Solana-based project. And to add fuel to the fire, the Parcl team has taken action against suspected users involved in a Sybil attack. Stay tuned for more updates on this wild ride.

As the trading bells chimed and the market opened, excitement filled the air as investors eagerly awaited the debut of Parcl’s highly anticipated PRCL token. But as the clock struck, the token stumbled, falling to a mere 50 cents per coin. And as the day wore on, the price continued to plummet, now standing at a mere 47 cents – a staggering 14.5% drop in just 24 hours.


But don’t let this temporary setback deter you from the potential of the PRCL token. On April 16, Parcl made a groundbreaking announcement – the official launch of their revolutionary token. And for those who were early adopters of the Parcel ecosystem and loyal members of the community, there’s an exclusive opportunity to claim the token until the end of the year. Don’t miss your chance to be a part of this game-changing movement.

One of the most talked-about drops was from the cross-chain protocol Wormhole on Solana, which distributed their highly coveted W tokens at the beginning of the month. However, with great attention comes great risk, as scammers were quick to take advantage of the hype. Despite reaching a peak of $1.50, the coin’s value has since plummeted to around 60 cents.

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But that’s not all – the blockchain ecosystem has been abuzz with the launch of a new governance token from NFT platform Tensor. The token’s value soared to nearly $2 on April 9, but has since settled around 80 cents. Will this token continue to rise and revolutionize the NFT space? Only time will tell.”

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