Fun

Withdrawals from real estate betting platform Parcl hit $74M after airdrop

News Feed - 2024-04-17 03:04:18

Tom Mitchelhill2 hours agoWithdrawals from real estate betting platform Parcl hit $74M after airdropParcl users started pulling their funds from the protocol earlier this month after it said it took a snapshot for its recent airdrop.793 Total views8 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksInvestors providing liquidity to the Solana-based real estate betting platform Parcl have pulled more than $74 million from the protocol following its airdrop snapshot earlier in April.


Parcl distributed its native PRCL tokens to eligible users on April 15 after announcing that it had taken a snapshot of users" point balances on April 3.


Users began pulling funds shortly after the snapshot was taken. Parcl’s total value locked has fallen 39.6% to $112.1 million from its $185.6 million peak on April 2, per DefiLlama data.Parcl users have withdrawn more than $74 million since the snapshot. Source: DefiLlama


Parcl is a decentralized real estate trading platform that allows users to speculate on the price movements of real estate markets in major cities.


Its users who participated in the airdrop campaign were allocated 80 million PRCL tokens — 8% of the total 1 billion token supply.


The platform’s PRCL token debuted at a price of $0.62 and fell as low as $0.45 in the four hours following the airdrop. It has since slightly recovered to around $0.55, according to CoinGecko.Parcl’s is down 12.5% over the past 24 hours. Source: CoinGecko


Amid a wider market tumble that has seen Bitcoin (BTC) fall more than 7% on the week, recently airdropped tokens on the Solana network have been among the worst performers.


Related:How Solana developers are tackling network congestion challenges


The native W token of the cross-chain bridging platform Wormhole is currently down 54% from its launch on April 3. At the time, the Wormhole airdrop saw more than $800 million distributed to eligible users.


Similarly, TNSR — the native token of the Solana-based NFT platform Tensor — has tumbled 52.6% from its launch on April 3.


Solana-based tokens have been weighed down by a significant decline in the price of Solana (SOL) itself, which is currently down 30.7% on the month.


Additionally, the Solana network has been plagued by congestion issues, which saw a record 75% of user transactions fail on April 5.


Magazine:The real risks to Ethena’s stablecoin model (are not the ones you think)# Blockchain# Altcoin# Real Estate# Airdrop# SolanaAdd reaction

News Feed

MakerDAO delegate’s $11M in tokens stolen in phishing scam
Amaka Nwaokocha20 hours agoMakerDAO delegate’s $11M in tokens stolen in phishing scamThe user fell victim to the phishing scam after signing multiple phishing signatures, which resulted in the loss of their digital ass
Solana sandwich bot makes $30M from MEV arbitrage in 2 months
Brayden Lindrea7 hours agoSolana sandwich bot makes $30M from MEV arbitrage in 2 monthsMRGN Research’s Ben Coverston says the Solana-based MEV bot has made an active effort to date to keep a low profile.4081 Total view
XRP Will Hit $2.13 Before A Correction – Analyst Predicts Bullish Rally
Este artículo también está disponible en español. XRP is trading just below the critical $2 mark, a level that served as the local top during the 2021 bull cycle. The pri
Amaka Nwaokocha1 hour agoGoogle to protect users in AI copyright accusationsGoogle explicitly stated that only seven products fall under this legal protection, excluding Google’s Bard search tool.484 Total views3 Total
European Central Bank is exploring blockchain and MPC technology
Zoltan Vardai10 hours agoEuropean Central Bank is exploring blockchain and MPC technologyThe central bank has been experimenting with multiparty computation, which could support the entire European economy in the future.
Lazarus Group moves $12M from HTX, HECO hacks to Tornado Cash
Ana Paula Pereira3 hours agoLazarus Group moves $12M from HTX, HECO hacks to Tornado CashDespite U.S. sanctions, North Korea’s Lazarus Group has resumed laundering stolen crypto funds through Tornado Cash.660 Total vie
Valour to launch digital asset ETPs in Kenya
Derek Andersen5 hours agoValour to launch digital asset ETPs in KenyaValour is moving out of Europe to the green pastures of Africa by way of passporting.1787 Total views2 Total sharesListen to article 0:00NewsOwn this p
Hyperliquid Delists $JELLY, Potentially Causing $900K in Losses. Here’s Why Best Wallet Token Can 100x
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Robert Kiyosaki Says US Dollar Is Toast Citing Saudi Arabia’s Request to Join BRICS
Robert Kiyosaki Says US Dollar Is Toast Citing Saudi Arabia"s Request to Join BRICS The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the U.S. dol
Execs at crypto-friendly Evolve Bank leave amid regulatory crackdown: Report
Alex O’Donnell4 hours agoExecs at crypto-friendly Evolve Bank leave amid regulatory crackdown: ReportThe bank services several crypto-friendly financial technology companies.438 Total views5 Total sharesListen to artic
Finland Sells 1,889 Seized Bitcoins for $47 Million — Proceeds Going to Ukraine
Finland Sells 1,889 Seized Bitcoins for $47 Million — Proceeds Going to Ukraine Finland has sold 1,889 bitcoins seized in narcotic cases for 46.5 million euros ($47.4 million). T
Former Tiktok Gaming Boss Launches Metao, a ‘Blockchain Agnostic’ Gaming Company
Former Tiktok Gaming Boss Launches Metao, a "Blockchain Agnostic" Gaming Company Jason Fung, former head of gaming at Tiktok, the video-based social media, is launching a blockchai