BNC4 Minting Address Receives Over $8.9M in USDC

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BNC
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The BNC4 minting address for Four.meme (0x2929a9b06b8d625aed46237cf6d1d318f9e3bb7b) has received 8,965,865.097 USDC, valued at $8.9 million. All funds will be used to mint BNC4 tokens at a 1:1 ratio pegged to the U.S. stock BNC. Four.meme will also use the deposit to purchase BNC stock on the equity market. As altcoins gain attention, this move reflects continued activity in the crypto market.

Odaily Planet Daily reports that, according to statistics, the 4Stock minting deposit address (0x2929a9b06b8d625aed46237cf6d1d318f9e3bb7b) appears to have received approximately 8,965,865.097 USDC, valued at $8.9 million. Since 4Stock only issues stock tokens BNC4 pegged 1:1 to the U.S. stock BNC, all $8.9 million in funds have flowed into the minting of BNC4.

Meanwhile, according to 4Stock's mechanism, Four.Meme will use the funds submitted by users to purchase the corresponding underlying stocks in the stock market, meaning that Four.Meme will allocate all of these funds to buy shares of NBC. (Odaily note: Data compiled by AI, may contain errors)

For more information about 4Stock and BNC, read "3-Hour Single-Coin A7, BNC Up Over 50% Pre-Market, BSC Coin-Meme Flywheel Reboots".

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