Since Parcl’s airdrop snapshot in early April, its TVL has dropped 40% from its peak

After Parcl took an airdrop snapshot in early April, users have withdrawn more than $74 million from the protocol. On April 3, Parcl announced that it had taken a snapshot of user balances and distributed its native token PRCL to eligible users on April 15. Users began withdrawing funds shortly after the snapshot was taken. According to DefiLlama data, Parcl's TVL fell 40% to $111.3 million from its peak of $185.6 million on April 2. (Cointelegraph)