Parcl Real Estate Betting Withdrawals Hit $74M Post-Airdrop

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Over $74 million has been taken out of the Parcl real estate betting platform, which runs on the Solana blockchain, by investors since the April airdrop event’s snapshot was taken.

On April 15, users who qualified received PRCL tokens from Parcl as rewards, with the number of tokens determined by their accumulated points as of April 3.

After the snapshot was taken, there were numerous withdrawals which caused Parcl’s total value locked to decrease substantially. As per DeFiLlama’s figures, this value has dropped by approximately 39.6% from its highest point of $185.6 million on April 2, leaving it at the current amount of $112.1 million.

With Parcl, experience the excitement of investing in major city real estate markets through this groundbreaking platform. Its decentralized design allows users to join in on the fun and speculate on real estate price fluctuations.

In the PRCL airdrop event, a total of 80 million tokens, which represented 8% of the overall token stockpile of one billion tokens, were distributed among the participants.

The long-awaited launch of the PRCL token began with it being priced at $0.62 during its first sale. In the initial four hours following the airdrop, however, the price took a small dip and reached a low of $0.45. Yet, the token has demonstrated strength by rebounding to approximately $0.55 as per CoinGecko’s latest reports.

With Bitcoin falling nearly 8% this week to $63,877 and the market experiencing a downturn, there’s growing interest in how recently distributed tokens on the Solana network are faring during this broader decline.

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2024-04-17 11:00