Orly90

The bear market has always been a stagnant pool, rather than a wailing cry.

Looking at the moment, there are still people making money, and there are still projects with high returns.

When it comes to the disputes in the crypto community, they can generally be attributed to the huge gap between actual airdrops and expectations.

However, quite the opposite is true, as there are not many cases where actual airdrops exceed expectations.

Therefore, whenever such projects appear, they become the talk of the town, referred to as big airdrops like UNI HYPE or even NEWT.

The announcement from Backpack 🎒 two days ago clearly placed it in the category of big airdrops.

- The airdrop ratio is as high as 25%, with 24% allocated to about 400 million points holders and 1% to 10,000 Mad Lads NFT holders.

- Compared to other Solana liquidity hubs' airdrops, Jupiter around 2%, Drift 12%, bp shows significant sincerity.

- What is even more commendable is that bp has explicitly not given any tokens to VCs or market makers, which clearly indicates that institutions and retail investors are back on the same starting line.

- According to estimates from the prediction market Polymarket, the TGE FDV is expected to be concentrated in the range of $700 million to $1 billion, hence the value of each point is approximately $0.4 to $0.6.

In other words, although the market downturn has become an undeniable fact, the project's excessive airdrop can still make bp a 'substantial big airdrop' where retail investors can profit.

Behind every success is a story of unseen struggle. ✨
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