Global regulated cryptocurrency exchange Backpack has issued its native token $BP on Solana through Wormhole's Sunrise platform, marking the first licensed exchange to use on-chain DeFi as a primary distribution channel. The token has a total supply of 1 billion, with 25% unlocked at token generation event (TGE), all allocated to users, and supports staking for potential equity conversion. Despite mixed community reception, this issuance comes as Solana's decentralized exchange (DEX) trading volume has led all L1/L2 chains for six consecutive months, with spot trading volume expected to reach $15.8 trillion in 2025.

【$BRUSDT】This data doesn't add up, deep analysis breakdown $BRUSDT This oscillation is messing with people's emotions. During normal intraday volatility, the 4-hour MACD red histogram is contracting but still above zero axis, the 1-hour has turned negative, momentum divergence. Buy-side depth is accumulating noticeably around 0.1134, but selling pressure is heavier in the 0.1136 to 0.1137 zone above, a short-term breakout needs volume confirmation. After the daily EMA20 and EMA50 golden cross, price is holding above, mid-term structure remains intact. Current risk-reward ratio is close to 4, odds are acceptable, but need to be alert to the pullback requirement at hourly level. Direction: Long Entry/Orders: 0.1097 - 0.1129 range, scale in Stop Loss: Below 0.1002 Target 1: 0.1619 Target 2: 0.1865 Trade Management: First position light, consider adding after holding above 0.115, move stop to breakeven then let profits run. View Live Charts 👇 $BRUSDT --- Follow me: Get more real-time crypto market analysis and insights! $BTC $ETH $SOL ‍#Gate13周年全球庆典 #Gate储备金报告 #加密行情震荡