$OPEN is still alive, but barely. It’s liquid enough to easily sell ($4.4m traded per day) — but holders are leaving (-250 in 30 days, -1.0%), and unissued supply hangs over the price (fully diluted valuation 4.6x the market cap) — the profile of a project in decline. The price is down 92% from its all-time high.
break-even from here: +1,170% $100 held here would need to become $1,270 just to get back — and 92 out of 100 coins that fall this deep never see their old high again.
01is anyone still building it?structural solvency / livenessPENDING
PENDING V1
can’t measure this honestly yet, so it doesn’t count toward the score — we don’t fake numbers.
02are holders staying or leaving?holder conviction & overhead supply5/100
Holders are leaving.
holders -250/30d · -1.0% · bin 1/10— holders are leaving — conviction is draining. [L1 / Chain bins, provisional]
03could you actually sell?liquidity / exitability79/100
Easy enough to sell.
$4,352,779/24h · bin 8/1014.05% turnover · bin 9/10— tradeable.
04is anyone actually using it?usage / demandPENDING
PENDING V1
can’t measure this honestly yet, so it doesn’t count toward the score — we don’t fake numbers.
05how much more will be printed?supply overhang & emissions5/100
Heavy future supply hangs over the price.
22% of supply circulating · bin 1/10FDV/MC 4.6x · bin 1/10— heavy unminted/uncapped supply hangs over every holder.
06how is it doing vs similar coins?relative strength / narrative45/100
Moving with the pack.
30d-36% · bin 1/10200d-15% · bin 9/10— middle of its peer pack.
terms used above — hover or tap any:
03 · COMMON QUESTIONSanswers generated from this coin’s frozen readout · not advice
Is OpenLedger ($OPEN) dead?
Not dead yet, but core systems are impaired. As of 2026-07-14, OpenLedger scores 34/100 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 OpenLedger 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 34/100 (IMPAIRED), a price 92% below its all-time high, a drawdown cohort (down 85-95%) in which historically only ~8% of coins ever reclaimed their high. What you do with that is yours.
Will OpenLedger ($OPEN) recover?
Nobody can predict price, and bagcheck doesn’t try. Historically, of coins down 85-95% (3-year window), about 8% reclaimed their all-time high; break-even to ATH from the scan price needs +1,170%. 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
