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You see a dragon's nest.
The young dragons have just hatched.

Location

Inside Dragon Lairs all around Tibia during the event Spring into Life. Can also be found on Krailos.
See also: Dragon's Nest and Dragon's Nest (Hatching)

Notes

Some Dragon eggs have just hatched. Get out of there!
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Part of the Krailos Quest.
Spoiler ends here.