The probability that "Backpack's first day FDV on Polymarket exceeds $1 billion" is only 26%.

Odaily Planet Daily reports that Polymarket trading data shows that the probability of Backpack’s token launch on its first day having an FDV exceeding $1 billion is only 26%, indicating that the market does not strongly endorse the valuation in the latest funding rumors of the exchange.

Earlier reports, sources revealed that Backpack plans to raise $50 million at a $1 billion valuation.

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