Parcl TVL fell 40% from its high on April 1, and its PRCL token fell more than 36% in one day

PANews reported on April 17 that DefiLlama data showed that the total value locked (TVL) of Solana’s ecological real estate transaction agreement Parcl is currently approximately US$109.86 million, down 40% from the high of US$185.59 million on April 1. According to CoinMarketCap data, after airdropping 80 million PRCL tokens with an initial value of $0.8255, its value quickly fell to a low of $0.45 earlier today. The current PRCL token price is $0.5212, a drop of 36.11 in one day. %.

Additionally, other airdropped tokens on Solana have performed weakly, including Wormhole’s W, which has plummeted 56.4% since its launch on April 3, The Block reported. NFT platform Tensor’s TNSR token has lost half of its value since the airdrop.