AIrdrop Agent

Backpack

CEX · Solana

Solana exchange, wallet and stock-tokenization platform — $BP token is already live

Participation

Open now

Token

Live · $BP

Potential
Total funding

$17M

Major VCs
PPlaceholder VCHashed
Last verified

2026-08-03

Potential is AirdropAgent's editorial assessment and does not confirm an official distribution.

Tasks

Participation programme live
  1. Create a Backpack account (free).
  2. Deposit funds into your trading account.
  3. Trade spot or perpetuals to meet Trading Trail: TRX campaign requirements.
  4. Earn up to $600 in $TRX once requirements are met (started July 30, 2026; end date not disclosed).
Check the official site

Events & campaigns

EventsBackpack Trading Trail: Nebius Live — Earn Up to $500 in NBIS Shares2026-08-13EventsBackpack Trading Trail: TRX Campaign – Earn Up to $600 in $TRX2026-08-04

Funding & investors

Round
Series A
Lead
Placeholder VC
Investors
Placeholder VC · Hashed

Overview

Backpack is an exchange and wallet run by the Mad Lads team. It ran its $BP token generation event on March 23, 2026. It is now running trading campaigns and rolling out US stock tokenization features.

Analysis

Backpack raised about $17M in a Series A led by Placeholder VC, at a reported $120M valuation. $BP has already had its TGE on March 23, 2026, trading around $0.367, down 34.6% over 30 days from its ATH. Market cap of $91.8M against an FDV of $367.1M shows most of the supply is still not circulating. A Hacken audit page exists, but the audit date and scope cannot be confirmed. Users reported exchange outages on July 28–29, 2026. What's available to join right now is a time-limited trading campaign, not a standing points program.

Token & distribution status

Token
Live
Ticker
$BP
TGE
Not announced
Allocation
Published

Allocation

Before TGE, Backpack ran a long-running Backpack Points program that determined airdrop allocations based on participation. At the March 23, 2026 TGE, 25% of total supply (250M $BP) was distributed. Of that, 240M $BP went to Points participants and 10M $BP to Mad Lads NFT holders. No additional season or second airdrop has been announced since TGE.

Tokenomics

Total supply is 1 billion $BP. 25% (250M $BP) unlocked immediately at TGE. Of that, 240M $BP went to Backpack Points participants and 10M $BP to Mad Lads NFT holders. No insider (team/investor) allocation has been disclosed. The breakdown and unlock schedule for the remaining 75% is unknown.

AirdropAgent view

This is our analysis of public information, not an official programme rule.

Start with Trading Trail: TRX (running since July 30, 2026) by trading spot/perpetuals to earn the Stock Holder Bonus. Using the newly added TRX markets may make it easier to meet the requirements. There is no confirmed additional $BP distribution program, so anyone buying the token now should weigh the recent price decline.

Security & risks

Verified security information

A Hacken audit page exists, but the audit date and scope cannot be confirmed. No officially confirmed major hack has occurred. Multiple users reported exchange outages on July 28–29, 2026.

Key risks

  • $BP is down 34.6% over 30 days from its ATH.
  • Market cap of $91.8M versus FDV of $367.1M is a wide gap, risking dilution as more supply unlocks.
  • Audit date and scope cannot be confirmed.
  • Exchange outages were reported on July 28–29, 2026.
  • The unlock schedule for the remaining 75% of supply is unknown.

Recent moves on X

Only posts about joining or distribution, shown as posted. Click through for the original.

What's next

Backpack is rolling out US stock tokenization (Backpack Securities) and a new Explore feature. No new season or additional airdrop has been officially announced.

Visit the official site

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