Parcl protocol on Solana experiences 40% decrease in TVL after airdrop

The Parcl team has fined the addresses of users suspected of being involved in the Sybil attack. After trading began at the opening price of $1, the PRCL token fell to around 50 cents per coin, and is currently trading at 47 cents, reflecting a 14.5% price drop over the past 24 hours. Early adopters of the Parcl ecosystem and core community members have the opportunity to claim the token until December 31. It is worth noting that several cryptocurrency projects have also announced airdrops.

The PRCL token reached a high of $1.50, but its price subsequently fell to around 60 cents. On April 9, the asset’s price approached the $2 mark but has since fallen to around 80 cents.

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