PANews reported on March 25th that Backpack issued a statement on its X platform stating that early this morning, a Polymarket trader held a large open position, betting that BP's fully diluted valuation would exceed $200 million within a day of the token generation event. As the decision window approached and BP was trading at approximately $0.19, some traders bought large quantities of BP tokens in an attempt to push the price above $0.20 to win their bets. Backpack immediately launched an investigation and confirmed that these traders were not insiders and had no connection to Backpack. The company emphasized its zero-tolerance policy towards any form of insider trading.