GSTOCK surged over 217% in 24 hours, with its market cap rising to $27 million.

BlockBeats news, September 21, according to GMGN market data, GSTOCK, a token launched by the BSC ecosystem genius.fun platform, saw a short-term surge, rising over 217% in 24 hours, with its market cap climbing to $27 million and 24-hour trading volume surpassing $17 million.

The GSTOCK token is paired with BNCB, the on-chain token of BNB treasury company BNC, as its base pool. Previously, Genius Terminal, an on-chain trading terminal invested by YZi Labs with CZ serving as an advisor, announced the official launch of its token issuance platform genius.fun on BNB Chain. The platform supports creators in transferring tokenized stocks such as bSTOCKS into an ownerless foundation and unpacking them, thereby attempting to exercise equity-related rights off-chain.

BlockBeats reminds users that related token prices are highly volatile, and users should invest with caution.