From the real estate betting platform Parkel reached 74 million dollars after the air drop

Investors who provide liquidity to Solana-based real estate betting platform Parkel have taken more than $74 million from the protocol in an earlier weather snapshot in April.

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

Soon after the snapshot was taken, users began to withdraw funds. According to DeFillama data, Park's total value of $185.6 million fell 39.6% to $112.1 million from April 2.

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

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

The platform's PRCL token started at $0.62 and dropped to $0.45 in the four hours following the airdrop. It has since recovered slightly to $0.55, according to CoinGecko.

Amid a broader market decline that saw Bitcoin (BTC) fall more than 7% on the week, recently airdropped tokens on the Solana network were among the worst performers.

Related: How Solana Developers Are Solving Network Congestion Challenges

Chainbridge platform Wormhole's native W token is down 54% since its launch on April 3rd.

Similarly, TNSR — the native token of Solana-based NFT platform Tensor — is down 52.6 percent since its April 3 launch.

Solana-based tokens have been taken up by a significant drop in the price of Solana (SOL), which is currently down 30.7% for the month.

Additionally, Solana's network has been plagued by congestion issues, with 75% of user transactions being rejected on April 5.

Magazine: The Real Dangers of Athena's Stable Coin Model (Not What You Think)