BSC meme coin BNC4 market cap falls below $5 million, underlying stock BNC pre-market gains narrow

According to TechFlow, on September 8, data from GMGN shows that the market cap of the BSC meme coin BNC4 has fallen below $5 million, currently at $4.72 million, with a drop of over 30% in 5 minutes.

Additionally, according to Bitget market data, the underlying stock BNC initially surged over 80% before retracing, with its pre-market price currently at $5.69, narrowing gains to 61.89%.

CZ posted on the X platform today stating “IPOs will move on chain,” after which Four.meme launched the first stock token, BNC4, pegged 1:1 to the US-listed stock CEA Industries (BNC).