BNC Nearly Returns to Original Price, Multiple Arbitrage Users Profit Tens to Hundreds of Thousands of Dollars

Odaily News: According to GMGN data, the market cap of BSC meme token BNC4 surged and then fell, once rising above $20 million, now reporting $2.8 million. Meanwhile, multiple users involved in arbitrage on the on-chain stock token BNC4 have disclosed profits ranging from tens of thousands to hundreds of thousands of dollars.

Among them, trader 0xShawn stated that he completed arbitrage through Four.meme's BNC4 Mint mechanism and shared a transaction record of exchanging 6,666 BNC4 for approximately 231,300 USDT. He said that the related Mint request was processed normally and claimed to be one of the first users to complete the transfer and invoicing.