Parcl users started pulling their funds from the protocol earlier this month after it said it took a snapshot for its recent airdrop.
Investors 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.