4Stock surges past $40 million, with top profitable addresses holding $500,000 in unrealized gains, and the FOMO community joining the fray.
50 minutes ago
Today, a short squeeze narrative unfolded on the Binance Smart Chain (BSC). Meme coin 4Stock hit a $40 million market cap just two hours after launch. As of press time, GMGN data shows the top profitable address for the token is a newly created wallet, which invested a total of $124,000 at an average market cap of $7 million, currently holds 1.77% of the token supply, and has not executed any sell or transfer actions. On the other hand, the second top profitable address belongs to crypto KOL Wick Li (@SuperL9), who put in $4,000 when the token’s market cap was as low as $144,000, generating a total profit of $476,000. Over the past half hour, this address has been continuously reducing its position, locking in $228,000 in profits. In addition to these profitable addresses, multiple KOLs from the FOMO community are buying the token: pow has purchased $153,000 worth at an average entry market cap of $30.8 million, while Logan Lim has bought $129,600 worth with an average entry market cap of $18.7 million. Note: 4Stock is a "stock meme" narrative launched by Four.meme. It first rolls out underlying 4Stock assets linked to stock holdings, then allows the community to issue meme coins using these assets as a liquidity pool. BNC4 is the first 4Stock, pegged 1:1 to its corresponding stock asset.
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