Shares of CEA Industries (BNC), a company linked to the BNB Chain treasury, surged over 90% in pre-market trading before paring gains to 60% and trading near $5.55. The move came after BNB Chain's Launchpad Four.meme introduced 4Stock, a pre-bStock tokenized stock product backed 1:1 by real equities. The first offering, BNC4, corresponds to CEA Industries (ticker BNC). The associated meme coin 4Stock (paired with BNC4) has reached a market cap of $55 million.
Shares of CEA Industries (BNC), a company associated with the BNB Chain treasury, surged more than 90% in pre-market trading before the gain moderated to 60%, with the stock last trading around $5.55, according to Bitget market data.
On Tuesday, BNB Chain's Launchpad platform Four.meme launched 4Stock, a pre-bStock tokenized stock product. Each 4Stock is backed 1:1 by real equities. The first token listed is BNC4, which corresponds to CEA Industries (ticker BNC), and is fully collateralized by the underlying stock.
Meanwhile, the market capitalization of the eponymous meme coin 4Stock (paired with BNC4) has reached $55 million.
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