Backpack is approaching TGE, and the probability of its FDV exceeding $500 million on Polymarket is only 30%.

2026-03-12 02:07:46

Odaily Planet Daily reports that Backpack has confirmed it will conduct its TGE around March 23. Real-time betting data from Polymarket shows that on the first day of Backpack’s TGE, the probability of FDV exceeding $300 million is about 68%, while the chance of surpassing $500 million is only 33%.

Previously, Backpack CEO Armani Ferrante stated during an official Twitch live stream that the token TGE date is approximately March 23.

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