Polymarket shows only a 26% probability of "Backpack's token FDV exceeding $1 billion on the first day of listing"

Odaily News According to trading data from Polymarket, the probability of Backpack's token FDV exceeding $1 billion on the first day of listing is only 26%, indicating that the market does not strongly endorse the valuation mentioned in the latest funding rumors surrounding this exchange.

Previous news reported that insiders revealed Backpack plans to raise $50 million at a valuation of $1 billion.