STX Drops Sharply to $0.13 as PoX-5 Launch Fails to Lift Market Sentiment

• STX plunged to $0.13 after Binance-related concerns triggered heavy selling pressure.
• Weak on-chain activity overshadowed optimism surrounding the upcoming PoX-5 hardfork.
• Bears remain dominant, with $0.10 emerging as the next critical support level.

Stacks — STX, shocked traders after crashing to $0.13, wiping out a major support level within days. Many expected the upcoming PoX-5 upgrade to strengthen confidence across the network. Instead, bearish pressure intensified as uncertainty spread through the market. Weak on-chain activity added another concern for investors watching price action closely. With sellers firmly in control, traders now wonder whether STX can recover or face another steep decline before the highly anticipated hardfork arrives.

Binance Tag Concerns and Weak Demand Trigger Heavy Selling

Stacks came under intense selling pressure on July 25 after losing the crucial $0.16 support zone. That breakdown ended weeks of sideways trading and handed complete control to bears. Price quickly dropped to $0.13, marking the lowest level since mid-2020. At press time, STX traded near $0.138, following another 6.2% daily decline. The sharp sell-off surprised many investors because excitement surrounding the PoX-5 upgrade had continued to build.

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