After the Babylon airdrop, 256 BTC were redeemed, attracting attention due to high transaction fees
According to mempool founder mononaut, after the token airdrop by Babylon, 256 BTC have been redeemed (pledge cancelled) from Babylon in the past 24 hours. The redemption transactions paid a total of 1.35 BTC in fees and consumed 1.318 MvB of block space. Mononaut believes that the high cost of redemption transactions may be due to large unpledging scripts and for some reason, a fixed fee rate chosen several months ago was locked by the protocol, possibly pre-signed transactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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