$1.26 Billion Bitcoin Unstaking Slashes Babylon’s TVL and BABY Token Value

Babylon, a platform enabling native Bitcoin (BTC) staking, recorded a notable unstaking event on April 17. Approximately $1. 26 billion worth of BTC was withdrawn from the protocol. The move resulted in a significant decline in Babylon’s total value locked (TVL) source: https://beincrypto.com/babylon-bitcoin-unstaking-event-april-2025/