Crypto KOL: Successfully minted BNC4 at post-close price via Four.meme, netting $230,000 in arbitrage profits.
59 minutes ago
Crypto KOL 0xShawn (@ShawnThread) announced in a post that he successfully minted BNC4 via the Four.meme platform at the post-market price of US stocks, netting an arbitrage profit of $230,000. Per Four.meme’s 4Stock mechanism and official documentation, Shawn’s arbitrage workflow is as follows: Shawn transferred USDC to Four.meme’s designated minting address and submitted an application. The platform processed the request, used the funds to purchase actual BNC stock (CEA Industries), then minted BNC4 tokens for him at a 1:1 ratio corresponding to the actual purchase amount. Upon receiving the BNC4 tokens, Shawn immediately sold them on the BNB Chain. At the time, on-chain trading of BNC4 saw it priced at 7-8 times the underlying stock’s value (the underlying stock traded at just over $4 post-market, while BNC4 once surged to over $30), enabling the arbitrage.
A crypto whale spent another $163,000 to acquire 3.48 million 4Stock tokens, having previously spent $4.73 million on purchases of tokens including PONS.
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