$PERP is still alive, but barely. Core systems are impaired — this looks like a project in decline: it’s moving in line with similar coins (down 4% over 30 days), and dilution risk is moderate (fully diluted valuation 2.1x the market cap), though it’s genuinely used (82 active addresses/day). The price is down 100% from its all-time high.
label capped: score says STRAINED, but coins down 100% don’t earn better labels than IMPAIRED. why?
break-even from here: +130,420% $100 held here would need to become $130,520 just to get back — and 97 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 supply65/100
Holders are adding, even down here.
holders +114/30d · +0.8% · bin 7/10concentration HHI 0.092 · bin 7/10— holders are accumulating against the drawdown. [DeFi / Protocol bins, provisional]
03could you actually sell?liquidity / exitability63/100
Easy enough to sell.
$120,632/24h · bin 6/108.89% turnover · bin 8/10— tradeable.
04is anyone actually using it?usage / demand67/100
Genuinely used.
82 active addresses/day · bin 6/1030d trend +63.5% · bin 9/10— usage is strong for its peer group. [DeFi / Protocol bins, provisional]
05how much more will be printed?supply overhang & emissions40/100
Meaningful dilution still to come.
48% of supply circulating · bin 5/10FDV/MC 2.1x · bin 4/10— meaningful dilution still to come.
06how is it doing vs similar coins?relative strength / narrative30/100
Moving with the pack.
30d-4% · bin 5/10200d-81% · bin 2/10— middle of its peer pack.
terms used above — hover or tap any:
03 · COMMON QUESTIONSanswers generated from this coin’s frozen readout · not advice
Is Perpetual Protocol ($PERP) dead?
Not dead yet, but core systems are impaired. As of 2026-07-14, Perpetual Protocol scores 57/100 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 Perpetual Protocol 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 57/100 (IMPAIRED), a price 100% 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 Perpetual Protocol ($PERP) 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 +130,420%. 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
