BNC4, a tokenized stock asset on BSC, fell in a short-term move to $6.9, pushing its market capitalization below $4 million, according to GMGN data cited by BlockBeats on Sept. 8. Separate market data from BIT (bit.com) showed that U.S.-listed BNC was trading at $5.6 in premarket activity. The gap between the on-chain tokenized version and the underlying stock narrowed as a result.
BlockBeats also noted that BNC4 is the first 4Stock tokenized stock asset. The 4Stock concept originated from the "stock Meme" narrative introduced by Four.meme. Under that structure, 4Stock first issues base assets linked to stocks, then allows the community to launch meme tokens using those assets as the underlying pool. BNC4 is described as being pegged 1:1 to BNC, a BNB treasury company, while the meme token "4Stock" corresponds to the BNC4 pool. BlockBeats added a risk reminder, saying many meme coins do not have practical use cases and can see large price swings.
BNC4, a tokenized stock asset on BSC, dropped in a short-term move to $6.9, with its market capitalization falling below $4 million, according to GMGN data cited by BlockBeats on Sept. 8.
Market data from BIT (bit.com) showed that U.S. stock BNC was trading at $5.6 in premarket activity. The premium between the tokenized stock and the underlying shares narrowed.
How 4Stock is structured
BlockBeats said 4Stock originated from the "stock Meme" narrative launched by Four.meme. Under the model, a 4Stock base asset linked to a stock is issued first, and the community can then create meme tokens using that asset as the underlying pool.
BNC4 is the first 4Stock tokenized stock asset. It is pegged 1:1 to BNC, described in the source as a BNB treasury company, and the meme token "4Stock" corresponds to the BNC4 pool.
BlockBeats reminded users that many meme coins do not have practical use cases and that prices can be highly volatile, urging caution.
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