The price of Stacks (STX) has surged to $0.90, reflecting strong bullish momentum. Institutional interest is on the rise, particularly with the Grayscale STX Trust Fund. Notably, the stablecoin market cap for Stacks has skyrocketed by over 400% to almost $6 million.
Open Interest in Stacks derivatives has jumped to $73 million, indicating enhanced market confidence. Additionally, Stacks has shown a significant recovery in monthly returns for April, breaking a previous trend of declines, indicative of robust buying interest.
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