BNC4 Premium Shrinks to 8% Against BNC Amid Steep Price Decline

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BNC4, an altcoin to watch on the BSC chain, dropped over 28% in the past hour, now trading at $5.2. On-chain data shows the token’s premium over the underlying BNC has narrowed to 8%, as BNC trades at $4.8 in the US. CZ’s recent X post about IPOs moving on-chain spurred the launch of BNC4 by Four.meme, which is pegged 1:1 to BNC. Meme coins like BNC4 often lack real-world utility and are prone to sharp price swings—investors should remain cautious.

Odaily Planet Daily reports, according to GMGN data, BNC4, a token on the BSC chain, fell over 28% in the past hour, with its current price at $5.20. The underlying stock BNC is currently trading at $4.80 in the U.S. stock market, narrowing the premium between the token and the stock to 8%.

CZ posted on X today stating, "IPOs will move on chain," following which Four.meme launched its first stock token, BNC4, pegged 1:1 to the U.S. stock CEA Industries (BNC), sparking increased trading volume for Meme coins on the BSC ecosystem. Most Meme coins lack real utility and exhibit high price volatility—invest with caution.

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