Data from GMGN showed that BNC4, a stock-linked token on BNB Smart Chain, rose 13% over the past hour to $7.272. Separate data from GMX.COM put the underlying U.S.-listed BNC shares at $5.15, leaving BNC4 trading at a premium of more than 47% to the stock. The move pushed the gap wider between the on-chain token and its referenced equity.
BNC4 is described as the first 4Stock token launched under Four.meme’s "stock Meme" narrative. According to the source material, the token is pegged 1:1 to BNC, identified as a BNB treasury company. The mechanism first introduces a 4Stock base asset linked to a stock, then allows the community to issue Meme tokens using that asset pool as the foundation. In BNC4’s case, the corresponding pool is 4Stock.
Odaily reported that GMGN data showed BNC4, a stock-linked token on BNB Smart Chain, climbed 13% over the past hour to trade at $7.272.
Based on GMX.COM data, the underlying U.S. stock BNC was priced at $5.15, putting BNC4 at a premium of more than 47% to the equity and widening the gap further.
What BNC4 is
BNC4 is the first 4Stock token launched under Four.meme’s "stock Meme" narrative. It is pegged 1:1 to BNC, which the source described as a BNB treasury company stock.
How the 4Stock mechanism works
Under the mechanism, a 4Stock base asset linked to a stock is introduced first. The community can then issue Meme tokens using that asset pool as the base, with BNC4 corresponding to the 4Stock pool.
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