Huo Xing Finance reports that, on September 8, according to GMGN market data, the token BNC4 reached a cumulative trading volume of $138 million just six hours after its launch. As of press time, BNC4 is trading at $9, representing a 51% premium over the pre-market price of its underlying stock (US$5.95). Notably, the underlying stock BNC had a trading volume of only $2 million over the previous trading day—just 1.48% of BNC4’s cumulative volume in its first six hours. Based on the previous day’s closing price of $3.49, the total market capitalization of the U.S. stock BNC stands at only $143 million.
BNC4 trading volume reaches $138M in 6 hours, surpassing BNC's daily volume.
MarsBitShare
Summary
BNC4’s trading volume reached $138 million in six hours, exceeding BNC’s daily transaction volume of $2 million. As of the report, BNC4 was trading at $9, a 51% premium over BNC’s pre-market price of $5.95. BNC closed at $3.49 the previous day, with a market cap of $143 million. The token’s rapid volume growth underscores strong initial demand.
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