BlockBeats News, March 25 — Backpack’s official social media announced that this morning, a Polymarket trader held a large number of open positions, believing that BP’s FDV one day after TGE will exceed $200 million. As the resolution window approaches and BP’s price hovers around $0.19, it appears that certain traders are heavily buying BP tokens, attempting to push the price above $0.20 to gain an advantage in their Polymarket trades.
The Backpack team immediately launched an investigation. These traders are not insiders. They are not employees, directors, executives, or advisors of Backpack, nor do they have any connection to Backpack. Backpack maintains a zero-tolerance policy toward any form of insider trading.
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