Muneeb Ali Named New CEO of Stacks Labs
Stacks (STX)
Editor:
Eugene Serbin
tradersunion.com reports that Muneeb Ali, CEO at Trust Machines, will become the new CEO of Stacks Labs. Ali, who co-founded Stacks in 2017, noted the project has been live for over five years and undergone key milestones in decentralization. He expressed increased optimism for the STX token, citing the successful launch of Bitcoin staking as a catalyst for future development. Ali has previously discussed software vulnerabilities, attributing the Liquid 4,000 BTC hack to a bug in the Elements platform.
How the market reacted
Whalio's own Binance spot order flow for STX, measured when this story was written up on 30 September 2026. Not the outlet's figures.
STX is trading at $0.3169 with a 24-hour buy ratio of 60.5%, indicating that buyers are controlling the majority of volume. This buying pressure is stronger than the 58.1% ratio seen in the last hour and the 56.2% ratio over the past four hours, suggesting that aggressive accumulation is easing slightly in the short term. The Volume Delta of +$235,104 over 24 hours shows that buy volume has exceeded sell volume by that amount, while the 1-hour delta of +$121,285 highlights intense recent activity. Cumulative Volume Delta closed at +$114,291, confirming that net buying has dominated the session.
The latest daily buy ratio of 55.9% sits at the 87th percentile of the last 323 days, against a median of 50.8% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for STX, averaged over the days leading up to the story.
Over the preceding week, STX experienced a 5.7% price decline and saw net buying on only 4 of 7 days. The 7-day average buy ratio was 51.6%, meaning today's 60.5% ratio represents a +9.0 point increase above the weekly norm. However, the 24-hour spot volume of $1,125,507 is just 0.47 times the weekly average, indicating significantly lower participation than usual. This suggests that while buying intensity is higher than average, the overall volume is subdued compared to the previous week's activity.