{
 "id": "backpack",
 "symbol": "BP",
 "name": "Backpack",
 "archetype": "Centralized Exchange (CEX) Token",
 "archetype_reason": "category match: 'centralized exchange (cex) token'",
 "contract": {
  "chain": "solana",
  "address": "BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy"
 },
 "price": {
  "price_usd": 0.537555,
  "ath_usd": 0.783198,
  "ath_date": "2026-06-21T09:15:41.082Z",
  "market_cap": 134381719,
  "volume_24h": 2348774,
  "price_chg_30d_pct": 83.7424,
  "price_chg_60d_pct": 259.21328,
  "price_chg_200d_pct": 0.0,
  "coingecko_url": "https://www.coingecko.com/en/coins/backpack"
 },
 "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": "SHALLOW",
  "line": "Down 32% from ATH \u2014 reclaiming it needs 1.5\u00d7 from here. Historically ~55% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 31.5,
  "reclaim_multiple": 1.5,
  "base_rate_label": "down <50%",
  "base_rate": 0.55,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 1.5\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 43.7,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "WEAKENING",
  "band_capped": false,
  "confidence": "HIGH",
  "confidence_detail": "measuring 5 of 6 factors (85% of the weight that matters for a Centralized Exchange (CEX) Token asset)"
 },
 "bottom_line": "Down 32%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~55%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.15,
   "status": "measured",
   "score": 0.0,
   "detail": "0 commits/4wk, 0 contributors, last commit 554d ago \u2014 development has effectively stopped.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.2,
   "status": "measured",
   "score": 70.5,
   "detail": "holders +1,793/30d (+55.7%, Bin 10/10 vs 169 L1 / Chain peers), concentration HHI 0.607 (Bin 1/10 vs 68 L1 / Chain peers) \u2014 holders are accumulating against the drawdown. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 57.0,
   "detail": "$2,348,774/24h (Bin 7/10 vs 308 L1 / Chain peers), 1.75% turnover (Bin 5/10) \u2014 liquidity is light for its class.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.15,
   "status": "pending",
   "score": null,
   "detail": "",
   "note": "daily active addresses + 30d trend (wired: Coin Metrics natives/majors, Santiment tokens); transfer-activity proxy (wired: Tron/Blockscout explorers, labeled tier); derivatives OI & funding (v1); for AI/DePIN: network resource demand \u2014 GPU-hours / storage deals / subnet emissions share (v1)"
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.22,
   "status": "measured",
   "score": 15.0,
   "detail": "25% of supply circulating (Bin 2/10 vs 310 L1 / Chain peers), FDV/MC 4.0x (Bin 2/10) \u2014 heavy unminted/uncapped supply hangs over every holder.",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 95.0,
   "detail": "30d +84% (Bin 10/10 vs 310 L1 / Chain peers), 200d +0% (Bin 10/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}