🚨 $1.26B in $BTC Unstaked from #Babylon !
Bitcoin staking platform Babylon just saw 14,929 BTC (~$1.26B) unstaked in a single day, slashing its TVL by 33%. 📉
The move shook the market— $BABY token dropped 9.8%, and users questioned platform stability.
But Babylon-backed Lombard Finance clarified: this was a planned transition to new finality providers, not a panic exit. Funds are expected to be restaked soon.
This follows a recent airdrop and adds to growing volatility in BTC DeFi.
