{"id":12655,"date":"2024-04-17T14:16:38","date_gmt":"2024-04-17T11:16:38","guid":{"rendered":"https:\/\/forklog.com\/en\/parcl-protocol-on-solana-sees-40-tvl-drop-amid-airdrop\/"},"modified":"2024-04-17T14:16:38","modified_gmt":"2024-04-17T11:16:38","slug":"parcl-protocol-on-solana-sees-40-tvl-drop-amid-airdrop","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/parcl-protocol-on-solana-sees-40-tvl-drop-amid-airdrop\/","title":{"rendered":"Parcl Protocol on Solana Sees 40% TVL Drop Amid Airdrop"},"content":{"rendered":"

Following the snapshot on April 3, users withdrew over 40% of locked funds from the real estate market betting platform Parcl, according to DeFi Llama<\/a> data.<\/p>\n

\"Parcl-DefiLlama-Google-Chrome\"
Data: DeFi Llama.<\/figcaption><\/figure>\n

The “snapshot” was intended for an airdrop, which occurred<\/a> on April 15.<\/p>\n

However, during its execution, the TVL<\/span> of the Solana-based project plummeted from $185.6 million to $109 million.<\/p>\n

The Parcl team noted that they penalized user addresses suspected of a Sybil attack.<\/p>\n

After trading began at an opening price of $1, the PRCL token fell to around $0.5.<\/p>\n

\"PRCLUSDT_2024-04-17_13-21-18\"
30-minute chart of PRCL\/USDT on KuCoin exchange. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Earlier in April, the cross-chain protocol Wormhole on Solana distributed<\/a> W tokens. Experts observed that the airdrop attracted significant attention from scammers. After reaching a peak of $1.5, the coin’s price also fell to around $0.6 (CoinGecko<\/a>).<\/p>\n

The NFT platform Tensor within the blockchain ecosystem also launched<\/a> a governance token. On April 9, the asset’s quotes approached $2. At the time of writing, the coin trades<\/a> around $0.8.<\/p>\n

According to Blockaid data, about 50% of presales on Solana turned out to be scams. <\/p>\n

Meanwhile, the blockchain team is attempting to address network overload issues that have caused transaction delays.<\/p>\n

Back in April, the decentralized exchange Drift on Solana also announced the launch of a governance token.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following the snapshot on April 3, users withdrew over 40% of locked funds from the real estate market betting platform Parcl, according to DeFi Llama data. Data: DeFi Llama. The “snapshot” was intended for an airdrop, which occurred on April 15. However, during its execution, the TVL of the Solana-based project plummeted from $185.6 million […]<\/p>\n","protected":false},"author":1,"featured_media":12654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1424,1159],"class_list":["post-12655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-protocols","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12655"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12654"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}