{
 "id": "axelar",
 "symbol": "AXL",
 "name": "Axelar",
 "archetype": "Infrastructure",
 "archetype_reason": "category match: 'infrastructure'",
 "contract": {
  "chain": "ethereum",
  "address": "0x467719ad09025fcc6cf6f8311755809d45a5e5f3"
 },
 "price": {
  "price_usd": 0.04121603,
  "ath_usd": 2.64,
  "ath_date": "2024-03-01T09:20:05.541Z",
  "market_cap": 49562537,
  "volume_24h": 5950020,
  "price_chg_30d_pct": -16.35258,
  "price_chg_60d_pct": -35.77887,
  "price_chg_200d_pct": -44.56787,
  "coingecko_url": "https://www.coingecko.com/en/coins/axelar"
 },
 "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": "NEAR-TOTAL LOSS",
  "line": "Down 98% from ATH \u2014 reclaiming it needs 64.1\u00d7 from here. Historically ~3% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 98.4,
  "reclaim_multiple": 64.1,
  "base_rate_label": "down 95%+",
  "base_rate": 0.03,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 64.1\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 39.6,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "WEAKENING",
  "band_capped": false,
  "confidence": "HIGH",
  "confidence_detail": "measuring 6 of 6 factors (100% of the weight that matters for a Infrastructure asset)"
 },
 "bottom_line": "Down 98%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~3%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.22,
   "status": "measured",
   "score": 33.3,
   "detail": "0 commits/4wk, 0 contributors, last commit 0d ago \u2014 development is slowing.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.18,
   "status": "measured",
   "score": 10.5,
   "detail": "holders -88/30d (-0.7%, Bin 1/10 vs 114 Infrastructure peers), concentration HHI 0.191 (Bin 3/10 vs 64 Infrastructure peers) \u2014 holders are leaving \u2014 conviction is draining. [Infrastructure bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 71.0,
   "detail": "$5,950,020/24h (Bin 8/10 vs 155 Infrastructure peers), 12.01% turnover (Bin 7/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.2,
   "status": "measured",
   "score": 35.0,
   "detail": "74 active addresses/day (Bin 6/10 vs 51 Infrastructure peers), 30d trend -51.0% (Bin 1/10 vs 34 Infrastructure peers), data lagged 31d (provider tier) \u2014 usage is holding. [Infrastructure bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 55,
   "detail": "96% of supply circulating (Bin 9/10 vs 156 Infrastructure peers), FDV/MC 1.0x (Bin 8/10), no max supply \u2014 meaningful dilution still to come \u2014 uncapped supply (perpetual emission risk, capped).",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 40.0,
   "detail": "30d -16% (Bin 4/10 vs 156 Infrastructure peers), 200d -45% (Bin 5/10) \u2014 middle of its peer pack.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only.",
  "Recent risk alert signal on the record (2026-06-19) \u2014 not reflected in the score; check before acting."
 ]
}