ChainThink report, on September 8, under the "short squeeze" narrative on BSC chain, meme coin 4Stock surged to a market cap of $40 million within 2 hours of launch.
GMGN data shows the top profit-taking address is a newly created wallet, which has cumulatively invested $124,000 at an average market cap of $7 million, holding 1.77% of tokens, with no sell or transfer activity recorded yet.
The second top profit-taking address belongs to crypto KOL Wick Li (@SuperL9), who entered at a market cap of $144,000 with a $4,000 investment, now accumulating $476,000 in profits;
Over the past half hour, he has been consistently reducing exposure, locking in $228,000 in profits. Additionally, multiple KOLs from the FOMO community are actively accumulating: pow has purchased $153,000 worth, entering at an average market cap of $30.8 million;
Logan Lim has acquired $129,600 worth, entering at an average market cap of $18.7 million.
4Stock is a "stock meme" narrative launched by Four.meme, introducing underlying assets linked to stock assets first, then enabling the community to issue memes using these as liquidity pools.
BNC4 is the first 4Stock, 1:1 pegged to its corresponding stock asset.
Disclaimer: Contains third-party opinions, does not constitute financial advice
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