Over $21 Million Unstaked After Babylon’s Token Airdrop

Following the distribution of 600 million BABY tokens to early users and contributors in the Babylon protocol, over $21 million worth of Bitcoin has been unstaked. According to blockchain data shared by developer Mononaut, nearly 256 BTC have been withdrawn from the platform within the past 24 hours. This activity involved high transaction fees and block space consumption, totaling a third of an entire Bitcoin block’s capacity.