BNC4 plunges 27.07% in an hour as premium over BNC stock narrows

  • BNC4 fell 27.07% on BSC over the past hour.
  • $5.30 was BNC4’s reported price, compared with $4.72 for BNC stock.
  • BNC4 is the first 4Stock coin-stock and is pegged 1:1 to BNC stock.

BNC4, the first 4Stock coin-stock, fell 27.07% over the past hour on BSC (BNB Smart Chain) to $5.30, according to GMGN data. BNC stock traded at $4.72, based on BIT (bit.com) market data, sharply narrowing the premium between the crypto asset and the underlying stock. The 4Stock concept originated with Four.meme’s stock Meme narrative: assets linked to stocks are launched first and then used as liquidity pools for community-issued Meme coins. BNC4 is pegged 1:1 to BNC stock, while the 4Stock Meme coin uses BNC4 as its pool asset. BlockBeats cautioned that Meme coins often lack practical use cases and can be highly volatile.

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