This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
4Stock Surges to $10M Market Cap in 2 Hours on BSC, Now at $8.03M
N
News EditorAccording to data from GMGN, 4Stock, a token launched on the BSC blockchain, reached a market capitalization of $10 million within just two hours of its debut on September 8. It has since corrected to $8.03 million, with two-hour trading volume totaling $13.5 million. The project's core mechanism involves moving the 'stock meme' concept from Robinhood to BNB Chain. Users deposit USDC, which the platform uses to purchase actual shares of the target company through a custodial account, and then mints 4Stock tokens at a 1:1 ratio. The first token, BNC4, is pegged to CEA Industries (BNC), the BNB treasury stock, and has already achieved a market cap exceeding $5 million.
BlockBeats reports that according to data from GMGN, 4Stock on BSC rocketed to a $10 million market cap within two hours of its launch. The market cap has since retreated to $8.03 million, with two-hour trading volume reaching $13.5 million. The project is designed to bring the 'stock meme' model from Robinhood to BNB Chain. Users deposit USDC, which the platform uses to buy actual shares of the target company through a custodial account, then mints 4Stock tokens at a 1:1 ratio. The first token launched is BNC4, pegged to CEA Industries (BNC), the BNB treasury stock. Its market cap has already surpassed $5 million.
300
Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.