BNC4, the first 4Stock coin-stock launched by Four.meme, fell 27.07% in one hour on BNB Smart Chain to $5.30, according to GMGN data cited by BlockBeats, while CEA Industries’ BNC stock traded at $4.72 based on BIT data. The token is pegged 1:1 to BNC stock and serves as the liquidity-pool asset for a related 4Stock meme coin. The move followed Binance co-founder and former CEO Changpeng Zhao’s view that initial public offerings will eventually move entirely on-chain, amid rapid growth in tokenized stocks and pre-IPO derivatives. Blockchain-linked products can enable fractional and extended-hours trading, but their ownership, voting, dividend and investor-protection rights vary materially.