{
 "id": "fluent-network",
 "symbol": "BLEND",
 "name": "Fluent",
 "archetype": "Infrastructure",
 "archetype_reason": "category match: 'infrastructure'",
 "contract": {
  "chain": "ethereum",
  "address": "0xd8a271974e8edae9d7b58e3370dc1669427503f4"
 },
 "price": {
  "price_usd": 0.061746,
  "ath_usd": 0.273717,
  "ath_date": "2026-04-24T13:05:05.503Z",
  "market_cap": 12348052,
  "volume_24h": 7725863,
  "price_chg_30d_pct": 0.70582,
  "price_chg_60d_pct": -47.36234,
  "price_chg_200d_pct": 0.0,
  "coingecko_url": "https://www.coingecko.com/en/coins/fluent-network"
 },
 "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": "DEEP",
  "line": "Down 77% from ATH \u2014 reclaiming it needs 4.4\u00d7 from here. Historically ~18% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 77.4,
  "reclaim_multiple": 4.4,
  "base_rate_label": "down 70-85%",
  "base_rate": 0.18,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 4.4\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 54.2,
  "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 77%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~18%.",
 "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": 0.18,
   "status": "measured",
   "score": 63.2,
   "detail": "holders +28/30d (+6.7%, Bin 9/10 vs 114 Infrastructure peers), concentration HHI 0.841 (Bin 1/10 vs 64 Infrastructure peers) \u2014 holders are accumulating against the drawdown. [Infrastructure bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 89.0,
   "detail": "$7,725,863/24h (Bin 9/10 vs 155 Infrastructure peers), 62.57% turnover (Bin 10/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.2,
   "status": "measured",
   "score": 51.0,
   "detail": "140 active addresses/day (Bin 8/10 vs 51 Infrastructure peers), 30d trend -25.9% (Bin 2/10 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": 15.0,
   "detail": "20% of supply circulating (Bin 2/10 vs 156 Infrastructure peers), FDV/MC 5.0x (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": 75.0,
   "detail": "30d +1% (Bin 7/10 vs 156 Infrastructure peers), 200d +0% (Bin 9/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}