BP rallies to nearly $1, logging a 19.8% gain in the past 24 hours.
44 minutes ago
According to HTX market data, Backpack’s platform token BP has surged to nearly $1, trading at $0.96 as of press time, with a 24-hour increase of 19.8%. On the news front, BP has been recently driven by positive momentum from the SEC’s approval of limited tokenized stock trading on on-chain platforms. On July 10 this year, Backpack announced the launch of a 24/7 real US stock trading market for international investors, allowing eligible users to trade and hold actual US stocks around the clock rather than synthetic derivatives. Backpack stated that the platform offers actual equity ownership, leverages liquidity from traditional trading platforms, and supports instant settlement, continuous price discovery, as well as fiat and stablecoin settlements. For more information, see the report titled "Why Did BP Suddenly Rise? Backpack Is Gaining a New Valuation Logic".
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