$SNX is still alive, but barely. It’s genuinely used (368 active addresses/day) — but development has thinned (0 commits in 4 weeks, last commit today) — the profile of a project in decline. The price is down 99% from its all-time high.
label capped: score says STRAINED, but coins down 99% don’t earn better labels than IMPAIRED. why?
break-even from here: +12,280% $100 held here would need to become $12,380 just to get back — and 97 out of 100 coins that fall this deep never see their old high again.
Recent risk alert signal on the record (2026-06-26) — not reflected in the score; check before acting.
01is anyone still building it?structural solvency / liveness33/100
Someone is still building, but activity is thin.
0 commits/4wk0 contributorslast commit 0d ago— development is slowing.
02are holders staying or leaving?holder conviction & overhead supply64/100
Holders are adding, even down here.
holders +1,069/30d · +1.3% · bin 8/10concentration HHI 0.208 · bin 4/10— holders are accumulating against the drawdown. [DeFi / Protocol bins, provisional]
03could you actually sell?liquidity / exitability87/100
Easy enough to sell.
$15,198,960/24h · bin 10/1011.36% turnover · bin 8/10— tradeable.
04is anyone actually using it?usage / demand89/100
Genuinely used.
368 active addresses/day · bin 9/1030d trend +79.0% · bin 10/10— usage is strong for its peer group. [DeFi / Protocol bins, provisional]
05how much more will be printed?supply overhang & emissions55/100
Meaningful dilution still to come.
100% of supply circulating · bin 9/10FDV/MC 1.0x · bin 8/10no max supply— meaningful dilution still to come — uncapped supply (perpetual emission risk, capped).
06how is it doing vs similar coins?relative strength / narrative40/100
Moving with the pack.
30d-5% · bin 5/10200d-48% · bin 4/10— middle of its peer pack.
terms used above — hover or tap any:
03 · COMMON QUESTIONSanswers generated from this coin’s frozen readout · not advice
Is Synthetix ($SNX) dead?
Not dead yet, but core systems are impaired. As of 2026-07-14, Synthetix scores 63/100 on bagcheck’s structural aliveness scan — IMPAIRED. Core systems are impaired — this looks like a project in decline. Aliveness measures whether the project still works, not whether the price recovers.
Is Synthetix a good investment?
bagcheck doesn’t rate investments — this is information, not advice. What the frozen record shows as of 2026-07-14: a structural aliveness score of 63/100 (IMPAIRED), a price 99% below its all-time high, a drawdown cohort (down 95%+) in which historically only ~3% of coins ever reclaimed their high. What you do with that is yours.
Will Synthetix ($SNX) recover?
Nobody can predict price, and bagcheck doesn’t try. Historically, of coins down 95%+ (3-year window), about 3% reclaimed their all-time high; break-even to ATH from the scan price needs +12,280%. The IMPAIRED aliveness read says whether the project still works — a precondition for recovery, not a promise of it.
MEMBERS · ENGINE BOTTOM LINEthe engine’s verbatim verdict — not rendered publicly
