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Stacks co-founder will serve as the new CEO of Stacks Labs, STX surged over 10% in a single day.

BlockBeats news, October 1st, Muneeb Ali, co-founder of Stacks, posted on the X platform stating that he will serve as the new CEO of Stacks Labs.

Last year, Stacks underwent an ecosystem reorganization, and Stacks Labs became the protocol operations hub. Over the past year, Alex Miller served as the interim CEO of Stacks Labs. Muneeb Ali stated that his "bullishness on STX is higher than ever. After the successful launch of Bitcoin staking, it's time to double down on the development of the Bitcoin capital market."

Possibly influenced by this news, the price of STX has risen 10.9% in the past 24 hours.

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Stacks co-founder will serve as the new CEO of Stacks Labs, STX surged over 10% in a single day.

Smart money that established a UNI position in early September continues to add 142,000 tokens, worth approximately $1.29 million.

"Machi" continues to reduce long positions, with an unrealized profit of $73,000 in the account.

An address held a long position in MON for over 8 months, with a position return rate of approximately 366%.

A trader opened a position of 5,000 ETH again after 5 months.