ZesMGYmokFiEuDvNzWeMhB7jxF6eUW8c512vwSKSTNK
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- Followers 856
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The not-so-long awaited breakout is happening on BP as we speak.
Culmination of the many factors at play finally have the coin repricing itself to where it belongs.
Majors not even at highs yet.
Strap in lads, we got this one in the bag.
🎒🎒🎒
🚨BACKPACK SMASHES TO A NEW HIGH!
solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy printed a new high and is up about 22% on the day.
The SEC has allowed limited trading of tokenized U.S. stocks on onchain platforms.
Backpack already lets eligible users buy and sell real U.S. shares 24/7.
Traders are betting on that stock-onchain flow hitting Backpack.
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Majority of market participants are still fading $BP
They still don’t even know what it is or how it plays a factor into the larger ecosystem.
Uncrowded trade + experienced team + growth-based unlocks + aligned incentives + real pmf
Do you see the bigger picture?
Just a Backpack🎒
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Due to popular request, we have made the Backpack HUGE.
It’s only fitting if the size matches how big your $🎒 bags are.
& let me tell you, they are going to be MASSIVE.
Onwards. Upwards. Only w/ @Backpack
Made with AI
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My underlying asset looks like this & has incredible tailwinds & first mover advantage + SEC compliance for the key bull run narrative. Yeah i think ill be ok
My underlying asset looks like this & has incredible tailwinds & first mover advantage + SEC compliance for the key bull run narrative. Yeah i think ill be ok
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Highly recommend everybody read this thread if you haven’t already.
This is why $BP will win & why $🎒 is such an incredible proxy bid.
SEND THEM BOTH HIGHER!!!
Backpack, the Engine for Internet Capital Markets and Tokenization.
frictionless.capital/article…
A thesis piece on how the United States is in the process of exporting its capital markets in the same way the dollar was tokenized with stablecoins and distributed over the Internet.
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Flipping RH Chain is the first step.
Flipping the TradFi markets is the next step.
With @Backpack as your main security issuer, the sky is the limit.
Bullish on solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy = Bullish on $🎒
🚨BREAKING: @Solana has flipped @RobinhoodApp to become the No. 1 chain for tokenized commodities spot DEX volume, with a 45% market share.
Just three weeks ago, Solana held only 1% of the market.
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In hindsight this will have been the most obvious reason to go irresponsibly long on $BP
“Innovation Exemption” from the SEC.
They are outright telling you how important tokenized stocks will be and really shows you the direction of where on-chain trading will be down the line.
At the end of the day though, it’s just a Backpack🎒
The SEC has issued a five-year “Innovation Exemption” allowing tokenized US stocks to trade onchain through permissioned AMMs and liquidity pools.
Build on Backpack.
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Get you an exchange that goes above and beyond typical communication and execution.
Get you some $🎒 and stack BP.
Allright the bar just became higher
From now on if a token doesn't give me a stakeholder update I don't want the token
Bullish on @Backpack 🎒
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This is bullish for @Backpack as a whole and, therefore, bullish for solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy.
The Backpack team is aiming to fill a major gap in the ecosystem right now. When - not if- they achieve this, it will drive significant value accrual to $BP
Start building your bags now with $🎒
I find it very interesting that despite the overwhelming adoption of EVM by major fintechs/CEXs via their Earn programs and their own L2s (Coinbase, Robinhood, Kraken, etc) and Solana not having a similar major distribution channel/frontend with a large customer base, Solana’s market share for stablecoin lending deposits has been in a multi-year uptrend against the combined Ethereum + L2 universe.
What happens to this chart when Solana finds its anchor fintech/TradFi partner in the US? 📈
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$75M in rewards distributed through Stonk.
Meanwhile, a major share of the volume has flowed through securities issued by @Backpack — the backbone of the ecosystem.
Higher for BP, therefore higher for $🎒
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-850,000 tokenized-equity holders on Solana
-$3.3B in RWA volume over the last 30 days.
Backpack Securities is one of the issuers helping power that growth.
The tokenized-equity market is getting bigger.
Backpack is already in the middle of it. 🎒
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Just a Backpack 🎒 retweeted
⁃BP distributed: 430,919 BP — up from 324,916
⁃Holders: 2,827 — previously 1,250+
⁃Value paid to holders: ~$387.0K — versus roughly $165.5K. (Accounted for increase in BP price)
All while being roughly ~$5m market cap!
The flywheel keeps turning.
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Since inception over $7.8b of cumulative volume has been traded via @Backpack tokenized equities.
The fact that $400m of that volume being done in one week alone is INSANE.
When I say we are just getting started, I really mean it.
Higher for BP, therefore higher for $🎒
Backpack’s tokenized equities generated over $400M in spot DEX volume just last week
The token is up almost 100% this month
The stats speak for themselves.
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The bull case for $BP is getting easier to understand.
Backpack is building the rails for tokenized assets, securities issuance, rewards, and onchain trading.
If more activity flows through that ecosystem, BP becomes more important.
And if BP becomes more valuable, the $🎒 flywheel gets more interesting too.
Bullish on the infrastructure? Bullish on the backpack.
Last week, a blockchain surpassed NYSE in weekly trades for the first time ever.
Solana: 208 million trades
NYSE: 189 million trades
Internet capital markets have arrived.
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They are coming for your coins anon.
Don’t let them take your financial freedom!
Hold $🎒 to stack and earn solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy
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