BNC4, a tokenized stock-themed asset on BNB Smart Chain, was again trading at a premium of more than 150% to the U.S. after-hours price of BNC, according to GMGN data cited by BlockBeats on Sept. 8. BNC4 was quoted at $10.6, while its market capitalization rebounded from a low of $3 million to $6 million. Separately, market data from BIT (bit.com) showed BNC rising nearly 20% in U.S. after-hours trading to $4.16. The report said 4Stock is a "stock meme" narrative launched by Four.meme. Under that structure, the platform first introduces a base 4Stock asset linked to a stock asset, then allows the community to issue meme tokens using that asset as the liquidity pool base. BNC4 is the first 4Stock product and is pegged 1:1 to the corresponding stock asset. BlockBeats also cautioned that the related tokens are highly volatile and that users should be careful when investing.
BNC4, a stock-themed token on BNB Smart Chain, was again trading at a premium of more than 150% to the U.S. after-hours price of BNC, according to GMGN data cited by BlockBeats on Sept. 8.
BNC4 was quoted at $10.6. Its market capitalization, after falling to $3 million, doubled from that level and was last reported at $6 million.
Data from BIT (bit.com) showed BNC up nearly 20% in U.S. after-hours trading at $4.16.
How 4Stock works
BlockBeats said 4Stock is a "stock meme" narrative launched by Four.meme. The model first introduces a base 4Stock asset linked to a stock asset, then lets the community issue meme tokens using that asset as the underlying pool.
BNC4 is the first 4Stock and is pegged 1:1 to the corresponding stock asset.
BlockBeats warned that prices of related tokens can be highly volatile and said users should be cautious with investments.
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