Parcl Suffers a 40% drop in TVL After Airdrop on Solana

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Cointime2024/04/18 05:46

By:Cointime

Parcl, a real estate platform operating on the Solana blockchain, experienced a 40% decline in its Total Value Locked (TVL) following an airdrop event associated with its PRCL token. The TVL plummeted from $185.6 million to $109 million after users withdrew their funds from Parcl's betting platform. The Parcl team penalized addresses suspected of being involved in a Sybil attack, a form of manipulation by creating multiple fake identities. The incident highlights the importance of robust security measures and community engagement strategies in navigating the complexities of DeFi and blockchain ecosystems.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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