4Stock, the namesake Meme, once reached a market value of 80 million dollars; BNC4 was once valued nearly 8 times more than the underlying stock.

Written by: KarenZ, Foresight News

The on-chain narrative leading to traditional markets is not a first. This time, the stage has shifted to the BNB Chain.

On September 8, Four.meme launched the pre-bStock tokenized stock product 4Stock, with the first listed asset being BNC4, corresponding to the stock of CEA Industries.

Following the issuance of the product 4Stock, which shares the same name as the Meme coin BNC4, there was a rapid increase in its value. According to GMGN data, the market capitalization of the Meme coin 4Stock once surged to 80 million dollars, now retracting to 53 million dollars. Meanwhile, the US stock BNC also rose sharply in pre-market trading. Bitget data indicated that BNC pre-market once climbed to 6.9 dollars, with an increase of over 90% at one point.

From the launch of the 4Stock product to the emergence of on-chain premiums for BNC4, and the simultaneous attention gained by related Meme coins and the US stock BNC, a transmission chain connecting stock tokens, Meme trading, and the traditional stock market started to emerge.

What exactly is 4Stock launched by Four.meme?

Four.meme defines 4Stock as a "pre-bStock" tokenized stock product, mainly covering popular stocks that do not yet have corresponding bStock.

The idea is not complex: when the market suddenly pays attention to a certain stock, and the existing bStock has not covered that asset, Four.meme first acquires real stocks, then issues tokens according to the actual number of shares held, to bring this stock onto the BNB Chain in advance.

Each 4Stock is backed by one share of the underlying stock. After users apply for the minting, Four.meme uses the funds submitted by the users to purchase the relevant stocks through a specially managed account, and then mints an equivalent number of 4Stock based on the actual stocks purchased and held.

Once these tokens are minted, they can be freely transferred and traded on-chain, and can also serve as paired assets for stocks Meme on Four.meme. For Four.meme, 4Stock is not just about transferring stock prices onto the chain but also adds new liquidity options for subsequent Meme issuances.

The first 4Stock is BNC4. Its corresponding underlying asset is the common stock BNC of the Nasdaq-listed company CEA Industries. Four.meme also stated that when the corresponding bStock is officially launched, there will be a future path for 4Stock to be converted into bStock on a 1:1 basis.

BNC became the first asset, with a very direct connection to the BNB Chain. CEA Industries has transformed into a digital asset treasury company centered around BNB. The company’s financial report disclosed that as of April 30, 2026, it held a total of 515,544 BNB, with a fair value of approximately 317.3 million dollars at that time.

Therefore, 4Stock can be understood as a stock token issuance mechanism that responds in advance to market hotspots: first bringing stocks that have not been covered by bStock onto the chain, and then establishing trading, liquidity, and stock Meme markets around these assets.

How does 4Stock operate? Minting, fees, and issuance rules

At the current stage, 4Stock is issued based on an application system, with stock purchases and token minting still manually processed by Four.meme in batches.

Users first need to use the same wallet address that will receive 4Stock to transfer USDC to a designated receipt address on the platform. After the transfer is complete, users need to save the transaction hash and submit a minting application through the official form. The minimum value for a single application is equivalent to 10,000 USDC.

Four.meme charges a 1% fee for each minting, which is directly deducted from the USDC submitted by the user. The remaining funds will be used to purchase the corresponding stocks at the market price at the time of execution; the number of stocks purchased will determine how many 4Stock are minted.

Four.meme indicated that it is currently developing an automated purchasing and minting system for 4Stock. Regarding the redemption mechanism, Four.meme stated that in the future, holders can apply to redeem 4Stock for USDC. The platform will sell the underlying stocks and return the actual proceeds to the users. The minimum value for a single redemption is equivalent to 10,000 USDC, and redemptions are processed on a 24-hour cycle without charging any fees.

In addition to minting existing varieties, participants can also apply to introduce new 4Stock. The initial issuance of a new variety requires 500,000 USDC, of which 250,000 USDC is used to purchase the corresponding stocks and mint 4Stock, and the other 250,000 USDC will form the initial liquidity pool together with the newly minted tokens.

The first issuer can receive 50% of the trading commission for related stock Meme internal market transactions and 50% of the initial liquidity pool earnings. This arrangement integrates stock token issuance, liquidity construction, and Meme market incentives into the same product structure.

From on-chain premiums to pre-market growth: How is the heat transmitted to BNC?

BNC became the first 4Stock asset, with a very direct connection to the BNB Chain.

BNC is the stock code for CEA Industries on Nasdaq. The company has shifted its business focus to a BNB digital asset treasury and has positioned itself as a public digital asset treasury company focused on the BNB ecosystem.

CEA Industries’ financial report disclosed that as of April 30, 2026, the company held 515,544 BNB, with a fair value of approximately 317.3 million dollars at that time. Therefore, BNC itself is already a target in the traditional stock market closely tied to the price of BNB and the BNB Chain ecosystem.

After the launch of 4Stock, the on-chain heat was transmitted to BNC mainly through two paths.

The first is the financial path. When users apply to mint BNC4, Four.meme needs to use the USDC they submitted to buy real BNC. In other words, the demand for minting BNC4 can be converted into actual purchasing demand in the traditional stock market.

The second is the attention path. After BNC4 launched, its on-chain price once rose to over 30 dollars, while the post-market price of BNC stock was only about 4 dollars at the same time. The significant price disparity attracted arbitrageurs to submit minting applications, and also shifted the trading attention originally focused on the BNB Chain towards the US stock BNC.

As of the time of writing, the on-chain price of BNC4 (7.03 dollars) has an 18% premium compared to the pre-market price of BNC on Bitget (5.92 dollars).

Some arbitrageurs made significant profits. Trader 0xShawn stated that Four.meme processed his BNC4 minting request based on the order of applications. After receiving the tokens, he sold 6,666 BNC4 on-chain, earning approximately 231,339.98 USDT and summarizing the transaction as "30,000 turning into 230,000."

Thus, a transmission path was formed:

Increased on-chain attention for BNC4 → BNC4 appears at a premium → Users apply to mint BNC4 → Four.meme buys BNC → BNC receives new funds and market attention.

Conclusion

The performance of BNC4 and BNC on the first day of the 4Stock launch demonstrated the transmission speed of this mechanism between the on-chain market and the traditional stock market while also reflecting the constraints in the early stages: minting still requires manual batch processing, official redemptions have not yet opened, and on-chain trading prices may deviate significantly from the prices of the underlying stocks.

What truly determines whether 4Stock can continue to develop is whether automated minting and redemption can be implemented as planned, whether the underlying stock reserves can remain transparent, and whether sustained on-chain trading and application demand can form around these assets.