BNC dropped more than 8% after the U.S. stock market opened on Sept. 9, according to market data from BIT (bit.com), with the stock last quoted at $4.81. At the same time, GMGN data showed that BNC4, the BSC-based on-chain tokenized stock, was trading at $5.25. Based on those quoted prices, BNC4 was changing hands at about a 9% premium to the underlying U.S.-listed stock. The pricing gap points to a divergence between the on-chain market and the regular equity market at the time of the data snapshot.
BNC fell more than 8% after the U.S. stock market opened on Sept. 9, according to market data from BIT (bit.com). The stock was last quoted at $4.81.
Separate data from GMGN showed that BNC4, a BSC-based on-chain tokenized stock, was trading at $5.25, implying a premium of about 9% versus the underlying stock.
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