I've been leveling up a new character and noticed that no tokens are dropped when using the L30 memento backpack at L31 or higher.
See how specialization ammo and materials drop from the kill - but no memento token
The build I'm using (gold items are L30, as is the memento backpack and scorpio shotgun)
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This has continued through L35 at which point I swapped out the backpack. This was reproducible in missions and in the open world, even after restarting the PC and game. The L40 version is still dropping tokens @ L40, so this looks to be specific to using the L30 backpack above L30.