$BABY — A New Token Backed by BTC, But Why Did Its Price Drop?

The token $BABY from Babylon successfully attracted attention after a massive distribution: 600 million BABY were distributed to BTC stakers, NFT holders, and developers. Total TVL briefly surpassed $1.2 billion at launch!

However, after the initial hype:

• Price dropped >10% post-airdrop.

• The community questions the insider distribution reaching 66%.

• BTC staking ROI is only ~0.6% in 6 months – too low for many holders.

Nevertheless, Babylon still has unique value:

• Native staking using BTC directly (without wrapping).

• Built on Cosmos SDK + CometBFT.

• Backed by major investors like Paradigm & OKX Ventures.

Is $BABY undervalued or actually a danger signal?