BNC4 market cap falls below $4 million as token-stock premium narrows

  • BNC4 fell on BSC, narrowing its premium over corresponding BNC stock.
  • BNC4's market capitalization dropped below $4 million, with the token at $6.9.
  • BNC traded at $5.6 in U.S. premarket trading on Sept. 8.

BNC4, a BSC (BNB Smart Chain) token linked 1:1 to BNC stock, fell below a $4 million market capitalization on Sept. 8, with its price at $6.9. BNC shares traded at $5.6 in U.S. premarket trading, narrowing the premium between the crypto token and the underlying stock. The asset is the first 4Stock token, a model originating from Four.meme that uses stock-linked assets as liquidity pools for community-issued Meme coins. BlockBeats warned that Meme coins often lack practical use cases and can be highly volatile.

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