BNC drops over 8%, tokenized stock BNC4 trades at 10% premium to underlying stock

According to Odaily, data from MSX.COM shows that after the US stock market opened, BNC fell over 8% and is currently trading at $4.77.

Additionally, data from GMGN shows that BNC4, the tokenized stock on the BSC chain, is currently priced at $5.25, representing a premium of approximately 10% over the underlying stock.

CZ previously stated on X platform that "IPOs will move on chain," following which Four.meme launched its first stock token BNC4, pegged 1:1 to the US stock CEA Industries (BNC), driving a surge in trading volume of Meme coins within the BSC ecosystem.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.