BP · a fixed float with nothing scheduled to move it.
BP is the token of Backpack, a regulated Solana-native exchange — 250M circulating of a hard-capped 1B supply, with the other 750M locked behind growth milestones and a post-IPO clock.
Sell pressure. 0 BP over the next 90 days — no emission, no dated unlock, no insider cliff. Staking pays fee discounts, not new coins.
Buy pressure. 0 BP — no tracked buyback and no fee burn, so nothing is being pulled off the market either.
Net. 0% to market — supply is flat. The real watch item is the 750M locked reserve, which only moves on a growth milestone or a future IPO.
BP has no block reward and no staking emission. The supply is fixed at 1B with no mint function, and staking BP pays fee discounts and perks rather than new tokens — so nothing is issued.
No scheduled unlock falls inside the next 90 days. The 375M Pre-IPO reserve is released only when growth milestones are hit, not on a calendar, so it has no dated cliff to count here.
Two large locked buckets are tracked as overhang: a 375M Pre-IPO growth reserve (released only on volume, user, or regulatory milestones — no date) and a 375M corporate treasury locked until one year after an IPO that has not happened. Neither has a dated release in the window — monitored.
No bankruptcy estate or court-ordered distribution applies to BP.
No protocol-encoded buyback is running, and no executed buyback amount is tracked on-chain. Carried at zero — monitored.
BP has no fee-burn mechanism; exchange fees are not used to destroy supply.
No discretionary open-market buying by the company is disclosed — monitored.
No new multi-year lock or escrow has been announced in the window beyond the existing locked reserves.
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