Muneeb Ali has been appointed as Stacks Labs CEO, and the price of Stacks has increased by 20%.
2026-10-01 17:51:27
CoinMeta data: After Muneeb Ali was appointed as Stacks Labs CEO, the price of Stacks rose by over 20% in the past 24 hours, and the current trading price is approximately $0.38. On September 30th, Stacks Labs announced that Ali would replace the interim CEO Alex Miller, who will then take on a advisory role. Although market commentators mentioned a start date of October 15th, the company did not provide a specific time. According to CoinMeta data, the current trading price of STX is around $0.3847, with a rise of about 20.8% in 24 hours. Ali stated that his priorities include bringing more Bitcoin capital into the network and increasing institutional adoption. The current roadmap for Stacks lists goals such as increasing throughput by 100 times, as well as improving programmable Bitcoin payments, privacy options, and the AI proxy infrastructure. The next identifiable protocol event for Stacks is the second round of bonding openings on October 10th, when the capacity of the Bitcoin staking program will increase to 500 BTC.
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Source:Cryptonews
This content is for market information only and does not constitute investment advice.