Foresight News|Mar 27, 2026 09:07
Backpack founder: Failed to cash out through OTC, re examining witch case
According to Foresight News, Backpack founder Armani Ferrante tweeted in response to recent community FUD, providing explanations on topics such as OTC trading, Mad Lads equity, witch reviews, and token prices. Armani stated that the team did not cash out through OTC, and their previous remarks about OTC were only to help buyers find tokens. Regarding Mad Lads, previous holders of TGE will retain the Backpack VIP status, while new holders will not. This design aims to incentivize users who have long-term interest in the product. \Regarding the witch review, he admitted that the team's previous approach was too mechanical (black and white) and did not fully consider the complexity of the community dimension. Currently, the team is re examining the relevant cases. In addition, Armani emphasized that short-term FDV is not a core measurement indicator, and the team's interests are deeply tied to the success of the token. If the token price returns to zero, the team will not be able to obtain profits. The team is currently continuing to advance the review of witch cases and returning to development work.
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