Was pulling BABY price data for today's post and stopped mid-scroll — $0.01043 on August 4th. New all-time low. Not the "recovering from ATL" story I've written about $BABY before, this is a fresh floor breaking through the old one.
Here's what got me: Babylon is still sitting on billions in locked BTC, still the biggest native Bitcoin staking protocol out there, still onboarding finality provider delegations like nothing's wrong. @BabylonLabs_io hasn't slowed down on the TBV rollout either. But none of that showed up in the token chart today.
And then I noticed the unlock scheduled for August 10 — 136.11M BABY, about $1.4M, 1.2% of supply, hitting five days after the ATL print. Fresh supply landing right as the token's finding its floor.
Sat with that for a minute. The staking side of Babylon runs completely separate from the token side — BTC keeps flowing in, yield keeps paying out, validators keep doing their job, none of it cares what BABY is worth. It's like watching two different companies share a logo. Makes me wonder who's actually pricing this thing — the stakers clearly aren't. So who is?
#baby
Here's what got me: Babylon is still sitting on billions in locked BTC, still the biggest native Bitcoin staking protocol out there, still onboarding finality provider delegations like nothing's wrong. @BabylonLabs_io hasn't slowed down on the TBV rollout either. But none of that showed up in the token chart today.
And then I noticed the unlock scheduled for August 10 — 136.11M BABY, about $1.4M, 1.2% of supply, hitting five days after the ATL print. Fresh supply landing right as the token's finding its floor.
Sat with that for a minute. The staking side of Babylon runs completely separate from the token side — BTC keeps flowing in, yield keeps paying out, validators keep doing their job, none of it cares what BABY is worth. It's like watching two different companies share a logo. Makes me wonder who's actually pricing this thing — the stakers clearly aren't. So who is?
#baby