Jiang Zhuoer buys a 5% position in BNC at $4.5, calling it a 50% discount to BNB's value.

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Jiang Zhuoer, founder of B.TOP mining pool, said BNC has reached a support level at $4.4, and he purchased a 5% position near $4.5. He estimates BNC’s mNAV at 49%, with $400 million in BNB held, while its market cap remains under $200 million. BNC dropped 15.62% during U.S. trading but rose 2.71% after hours, trading at $4.55. BNC4 on BSC is priced at $5.584, reflecting a 23% premium. With BNC near a support level, it could be one of the altcoins to watch if the meme flywheel gains momentum.

Hu 火星 Finance reports that on September 10, Jiang Zhuo'er, founder of the BTC.com mining pool, posted that the U.S. stock BNC has fallen to the $4.4 support level; he has initiated a 5% trial position at approximately $4.5 and expects the price to drop at most to the initial rally point of $4. Currently, BNC’s mNAV is around 49%, with $400 million worth of BNB held, yet the company’s current market cap is under $200 million—effectively allowing investors to buy BNB at a 50% discount. If the flywheel effect of BNC + Meme succeeds, it would be an unexpected bonus. According to BIT (bit.com) market data, BNC closed down 15.62% after U.S. market hours, rebounding 2.71% in after-hours trading, currently trading at $4.55. Meanwhile, according to GMGN data, the BSC-chain token BNC4 is currently priced at $5.584, trading at a premium of approximately 23% over the underlying stock.

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