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ALEX Lab (ALEX)
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Alex have released a new governance proposal and $ALEX is up 100% today on the news
TLDR;
- 1.6M $STX will be used for token buy back and burns
- Future protocol revenue will be used for the same
- Alex is now deflationary with emissions stopping
Interestingly, $LEO has most of its LP paired to ALEX so naturally benefits from this tailwind
The Alex chart below shows it breaking out to levels we haven't seen since Oct/Nov 2025 and this time last year, Alex was 25x higher (even after this pump)
As for @LeoCoinSTX - it moved from 1.3M to 1.8M mostly just because of the Alex price increase (only +$3k net buying caused a ~34% increase)
NFA as always but curious to see how this plays out, assuming the proposal is approved
ALEX, token issuance halted and buyback burn pursued…deflationary transition vote
https://t.co/r3NQ8YLuab https://t.co/yupDdNTS9d