{
 "id": "apex-4",
 "symbol": "AP3X",
 "name": "APEX",
 "archetype": "L1 / Chain",
 "archetype_reason": "category match: 'layer 1 (l1)'",
 "contract": {
  "chain": "base",
  "address": "0x9208d82f121806a34a39bb90733b4c5c54f3993e"
 },
 "price": {
  "price_usd": 0.01551605,
  "ath_usd": 0.251385,
  "ath_date": "2025-04-21T03:07:24.997Z",
  "market_cap": 26359737,
  "volume_24h": 167.62,
  "price_chg_30d_pct": -8.98462,
  "price_chg_60d_pct": -15.70999,
  "price_chg_200d_pct": -66.82497,
  "coingecko_url": "https://www.coingecko.com/en/coins/apex-4"
 },
 "provenance": {
  "batch_date": "2026-07-14",
  "bagcheck_version": "0.17.1",
  "snapshot_id": "2026-07-14 v16",
  "label": "scored monthly \u00b7 batch of 2026-07-14"
 },
 "refused": false,
 "reclaim": {
  "severity": "SEVERE",
  "line": "Down 94% from ATH \u2014 reclaiming it needs 16.2\u00d7 from here. Historically ~8% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 93.8,
  "reclaim_multiple": 16.2,
  "base_rate_label": "down 85-95%",
  "base_rate": 0.08,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 16.2\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 29.3,
  "aliveness": "IMPAIRED",
  "aliveness_note": "Core systems impaired; consistent with a project in decline.",
  "mechanical_aliveness": "IMPAIRED",
  "band_capped": false,
  "confidence": "HIGH",
  "confidence_detail": "measuring 5 of 6 factors (80% of the weight that matters for a L1 / Chain asset)"
 },
 "bottom_line": "Down 94%, aliveness reads IMPAIRED. Being functional is not recovery \u2014 the reclaim base rate is ~8%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.22,
   "status": "measured",
   "score": 33.3,
   "detail": "0 commits/4wk, 0 contributors, last commit 3d ago \u2014 development is slowing.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.2,
   "status": "pending",
   "score": null,
   "detail": "",
   "note": "holder-count trend + % supply in profit / MVRV (wired: HolderScan sol/eth, Coin Metrics natives, Santiment BSC/L2); exchange netflow (v1, needs SANAPI PRO)"
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 5.0,
   "detail": "$168/24h (Bin 1/10 vs 308 L1 / Chain peers), 0.00% turnover (Bin 1/10) \u2014 exit liquidity is thin for its class \u2014 selling moves the price.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.18,
   "status": "measured",
   "score": 45.0,
   "detail": "54 transfers/day (Bin 5/10 vs 74 L1 / Chain peers) \u2014 transfer activity, not users; proxy tier \u2014 moderate on-chain movement. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 30.0,
   "detail": "57% of supply circulating (Bin 4/10 vs 310 L1 / Chain peers), FDV/MC 1.8x (Bin 3/10) \u2014 meaningful dilution still to come.",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 35.0,
   "detail": "30d -9% (Bin 5/10 vs 310 L1 / Chain peers), 200d -67% (Bin 3/10) \u2014 middle of its peer pack.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}