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Premium of BSC Token BNC4 Over Underlying Stock Narrows to 8%

OdailyOdaily

Odaily News: According to GMGN data, the BSC-based token BNC4 has dropped over 28% in the past hour, with the token price now at $5.2. Meanwhile, the US stock BNC is currently at $4.8. The premium of the token over the underlying stock has narrowed to 8%.

CZ today posted on X, saying "IPOs will move on chain," and subsequently Four.meme launched its first stock token, BNC4, which is pegged 1:1 to the US stock CEA Industries (BNC), driving up trading volume of Meme coins in the BSC ecosystem. Meme coins generally lack real use cases and are highly volatile, so investment requires caution.

This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.