BP surges past $1.27 to hit a new all-time high, notching a 48% gain in the past 24 hours.
46 minutes ago
Per HTX market data, Backpack’s native token BP has surged past $1.27 to hit a new all-time high, trading at $1.277 as of press time, with a 24-hour gain of 48%. The rally is driven by recent positive news: 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 venues, and supports instant settlement, continuous price discovery, as well as fiat and stablecoin settlements. For more details, see the report titled "Why Did BP Suddenly Surge? Backpack Is Gaining a New Valuation Logic".
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