4Stock, a stock-themed meme token from Four.meme, saw its market cap surge to $47 million before a sharp 48% drop to $24.88 million, according to GMGN data. It later recovered to $35 million, with $33.9 million in trading volume over three hours. The project operates by first issuing an underlying asset 4Stock pegged to stocks, then allowing the community to launch meme tokens on top. BNC4, the first such token, maintains a 1:1 peg to the corresponding stock. This volatility reflects the speculative nature of meme tokens in the crypto market.
GMGN data shows 4Stock, a stock-themed meme token from Four.meme, briefly pushed its market cap past $47 million, then got hit by a sharp correction of about 48%. Fast move. The valuation fell as low as $24.88 million and later climbed back to $35 million. Over the past three hours, the token logged $33.9 million in trading volume.
4Stock sits inside the "stock meme" story launched by Four.meme. Here’s how the project works: it first issues a base asset called 4Stock, tied to stock assets. After that, the community is able to issue meme tokens backed by that asset. BNC4, the first token created under this setup, holds a 1:1 peg with the corresponding stock.
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