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Stacks' STX token jumps 60% as Bitcoin-staking design with institutional backing advances

Protocol Fundamentals
13 Oct 2026
Tokenpost
View Source
Bullish
Stacks' STX token jumps 60% as Bitcoin-staking design with institutional backing advances

Stacks' STX token rose about 60% in a month, driven by progress in its Bitcoin-staking model involving institutional participants. The design uses Proof of Transfer, allowing users to lock Bitcoin on Bitcoin's base layer paired with STX tokens, earning BTC rewards from miners. Key milestones include the PoX-5 upgrade, the Genesis Bond launch with 230 BTC locked, and STX's listing on the Bullish exchange. The network aims to expand staking options with future PoX-6 upgrades, though details remain undecided.

Stacks' STX token is currently trading at Rp7.541 on Pluang, showing a strong 10.22% increase in the last day as of Oct 13, 2026 18:51 WIB. The market cap stands at Rp13,62 trillion, reflecting significant investor interest following recent Bitcoin-staking developments. Despite the price rise, sell orders dominate with 71% of Pluang's order activity, while typical holders keep their positions for about 46 days.

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