Babylon Labs recently experienced a major shift as $1.26 billion worth of Bitcoin was unstaked from its platform, causing a 32% drop in total value locked (TVL), from $3.97 billion to $2.68 billion. This significant movement involved nearly 15,000 BTC withdrawn across multiple addresses, with one holding $1.1 billion alone. The unstaking aligns with Babylon's ongoing transition to new finality providers, with plans to restake the Bitcoin after the unbonding period ends on April 24. This event follows Babylon's recent airdrop of 600 million BABY tokens to early supporters, a move that often triggers short-term unstaking activity. The market is watching closely as Babylon navigates this strategic shift in its staking infrastructure.

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