The Bitcoin staking protocol Babylon has recently launched its native token, $BABY, alongside a planned airdrop. In the past 24 hours, 256 BTC, valued at approximately $21 million, were unstaked from Babylon, incurring fees of 1.35 BTC. Currently, there are still 49,572 BTC staked across 128,305 unspent transaction outputs (UTXOs), with full unstaking estimated to cost 47.44 BTC in fees. The $BABY tokenomics allocates 6% (600 million tokens) to early users, including stakers and Pioneer Pass NFT holders. The token is now available for pre-market trading on OKX at a price of $0.066. Additionally, Binance Futures is set to launch a BABYUSDT perpetual contract on April 5, 2025, at 13:30 UTC, allowing for trading with up to 5x leverage.