Crypto KOL Earns $230,000 by Arbitraging BNC4 on Four.meme

Huo Xing Finance reports that on September 8, crypto KOL 0xShawn (@ShawnThread) posted that he successfully minted BNC4 via the Four.meme platform at the after-hours market price of U.S. stocks, realizing a $230,000 arbitrage profit. According to Four.meme’s 4Stock mechanism and official documentation, Shawn’s arbitrage process was as follows: He sent USDC to Four.meme’s designated minting address and submitted a request. The platform processed the request by purchasing actual BNC shares (CEA Industries) with those funds and then minted BNC4 tokens on a 1:1 basis according to the quantity purchased, delivering them to Shawn. Upon receiving the BNC4 tokens, Shawn immediately sold them on the BNB Chain. At the time, BNC4 was trading on-chain at 7 to 8 times the price of the underlying stock (the after-hours price of the underlying stock was just over $4, while BNC4 reached over $30), enabling the arbitrage profit.