Shares of CEA Industries (NASDAQ: BNC) fell more than 8% after the U.S. stock market opened, with Gate market data showing the stock at $4.77. At the same time, GMGN data showed BNC4, a BSC-based tokenized stock linked to BNC, trading at $5.25, implying a premium of about 10% over the underlying stock. The price gap came after Binance co-founder Changpeng Zhao, known as CZ, wrote on X that 「IPOs will move on chain」. Four.meme then launched BNC4 as its first stock token, structured to track CEA Industries on a 1:1 basis. According to the source, the launch also pushed up Meme coin trading volume across the BSC ecosystem. ChainCatcher added a cautionary note, urging investors to participate carefully.
CEA Industries (BNC) fell more than 8% after the U.S. stock market opened, according to Gate market data, with the stock quoted at $4.77.
Separate data from GMGN showed BNC4, a BSC-based tokenized stock tied to BNC, at $5.25. That left the on-chain token trading at a premium of about 10% to the underlying stock.
Earlier, Binance co-founder Changpeng Zhao, or CZ, posted on X that 「IPOs will move on chain」. Four.meme then launched BNC4 as its first stock token, with a 1:1 peg to U.S.-listed CEA Industries (BNC). The move triggered higher Meme coin trading volume in the BSC ecosystem, according to the source.
Investors should participate with caution.
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