Backpack has concluded its investigation into the recent price fluctuations of the BP token, ruling out any insider manipulation. The inquiry was prompted by a Polymarket trader's significant open position betting on BP's fully diluted valuation exceeding $200 million shortly after the token generation event (TGE). As the settlement window neared, BP's price hovered around $0.19, leading several traders to buy large quantities of BP tokens to push the price above $0.20 and secure their bets. Backpack's investigation determined that the trader in question is not an insider and has no connections with Backpack's employees, directors, executives, advisors, or related parties. The company reiterated its strict zero-tolerance policy against insider trading, ensuring market integrity and fairness.