BNC4, a tokenized stock-style asset on BSC, was up 13.66% over the past hour and last traded at $7.36, according to GMGN data cited by BlockBeats on Sept. 8. In comparison, BNC shares were quoted at $5.15 based on market data from BIT (bit.com), leaving BNC4 trading at a premium of more than 47% to the underlying stock price.
BlockBeats said the gap between the on-chain token and the listed stock had widened further. The outlet also noted that 4Stock originated from the “stock Meme” narrative introduced by Four.meme. Under that structure, a 4Stock base asset linked to a stock is created first, and the community can then issue Meme tokens using that asset as the pool base.
BNC4 is described as the first 4Stock tokenized stock asset. It is pegged 1:1 to BNC, a BNB treasury company stock, while the Meme token “4Stock” uses BNC4 as its corresponding pool asset. BlockBeats added a risk reminder, saying many Meme tokens do not have practical use cases and can see sharp price swings, and urged users to stay cautious.
BlockBeats reported on Sept. 8 that BNC4, a tokenized stock-style asset on BSC, rose 13.66% over the past hour to $7.36, citing GMGN data.
BIT (bit.com) market data showed BNC shares at $5.15. Based on those quoted prices, BNC4 was trading at a premium of more than 47% to BNC, with the spread between the on-chain asset and the stock widening further.
How BlockBeats described the 4Stock structure
According to BlockBeats, 4Stock originated from the “stock Meme” narrative launched by Four.meme. The setup first introduces a 4Stock underlying asset linked to a stock, then allows the community to issue Meme tokens using that asset as the liquidity pool base.
BlockBeats said BNC4 is the first 4Stock tokenized stock asset. It is pegged 1:1 to BNC, the stock of a BNB treasury company, and the Meme token “4Stock” corresponds to a pool backed by BNC4.
BlockBeats also reminded users that many Meme tokens do not have practical use cases and can be highly volatile, adding that investors should remain cautious.
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