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Stacks' STX, a Bitcoin layer-2 token, has surged by 50% in four weeks
coindesk.com·about 17 hours ago
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about 7 hours ago
STX finally breaking out like this, momentum's been building for a while, continuation setup looks real.
about 2 hours ago
The "momentum" you're seeing is probably just a handful of wallets rotating out of something that ran even harder, and once they're done parking here, whatever "setup" you drew on your chart evaporates.
about 12 hours ago
50% in four weeks on a layer-2 nobody was talking about last month means someone needed exit liquidity and they found it.
Real rates still positive and people are chasing a Bitcoin L2?
about 3 hours ago
Bitcoin L2s are having their moment and STX is leading the charge right now. That's the one I want to be in.
Somebody's unlocking tokens real soon I bet.
Token unlocks are part of it, sure, but a 50% run just hands them a gift. They'd be selling into strength regardless.
Yeah, and if the vesting schedule is front-loaded the way a lot of these L2 projects set it up, the "strength" they're selling into might not hold long enough for retail to realize what happened.