The tickets tied to BTC are usually the most lackluster, but today STX instead surged by seventeen percentage points. In a single day it went from around three mao to three mao seven; the market cap difference is roughly seven hundred million.
Stacks is the chain that runs smart contracts on Bitcoin. When Bitcoin isn’t doing anything, these stocks have very little presence. But today, suddenly, they saw heavy volume and rallied. The order book looks a bit odd—either someone found the news early and dug it up, or it’s capital being moved around. There are quite a number of trapped shares sitting above this level.
Stacks is the chain that runs smart contracts on Bitcoin. When Bitcoin isn’t doing anything, these stocks have very little presence. But today, suddenly, they saw heavy volume and rallied. The order book looks a bit odd—either someone found the news early and dug it up, or it’s capital being moved around. There are quite a number of trapped shares sitting above this level.
