$SMT is still alive, but barely. It’s genuinely used (68 active addresses/day) — but unissued supply hangs over the price (fully diluted valuation 1.6x the market cap) — the profile of a project in decline. The price is down 98% from its all-time high.
break-even from here: +5,740% $100 held here would need to become $5,840 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 / liveness30/100
Someone is still building, but activity is thin.
0 commits/4wk0 contributorslast commit 38d ago— development is slowing.
02are holders staying or leaving?holder conviction & overhead supply35/100
Holders are staying put.
holders -317/30d · -3.6% · bin 1/1046% of supply in profit · bin 9/1030d exchange netflow +1.38% of supply · bin 2/10data lagged 31d · provider tier— holder base is holding steady. [RWA/universe bins, provisional]
03could you actually sell?liquidity / exitability33/100
You could sell, but it would sting.
$55,744/24h · bin 3/102.67% turnover · bin 5/10— liquidity is light for its class.
04is anyone actually using it?usage / demand65/100
Genuinely used.
68 active addresses/day · bin 7/10data lagged 31d · provider tier— usage is strong for its peer group. [RWA bins, provisional]
05how much more will be printed?supply overhang & emissions20/100
Heavy future supply hangs over the price.
37% of supply circulating · bin 2/10FDV/MC 1.6x · bin 3/10— heavy unminted/uncapped supply hangs over every holder.
06how is it doing vs similar coins?relative strength / narrative55/100
Moving with the pack.
30d+39% · bin 10/10200d-52% · bin 2/10— middle of its peer pack.
terms used above — hover or tap any:
03 · COMMON QUESTIONSanswers generated from this coin’s frozen readout · not advice
Is Swarm Markets ($SMT) dead?
Not dead yet, but core systems are impaired. As of 2026-07-14, Swarm Markets scores 36/100 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 Swarm Markets 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 36/100 (IMPAIRED), a price 98% 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 Swarm Markets ($SMT) 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 +5,740%. 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
