{
 "id": "irys",
 "symbol": "IRYS",
 "name": "Irys",
 "archetype": "L1 / Chain",
 "archetype_reason": "category match: 'layer 1 (l1)'",
 "contract": {
  "chain": "ethereum",
  "address": "0x50f41f589afaca2ef41fdf590fe7b90cd26dee64"
 },
 "price": {
  "price_usd": 0.01259797,
  "ath_usd": 0.084374,
  "ath_date": "2026-05-15T12:00:31.570Z",
  "market_cap": 25149174,
  "volume_24h": 2865327,
  "price_chg_30d_pct": -27.32188,
  "price_chg_60d_pct": -77.95962,
  "price_chg_200d_pct": -58.38077,
  "coingecko_url": "https://www.coingecko.com/en/coins/irys"
 },
 "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 85% from ATH \u2014 reclaiming it needs 6.7\u00d7 from here. Historically ~8% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 85.1,
  "reclaim_multiple": 6.7,
  "base_rate_label": "down 85-95%",
  "base_rate": 0.08,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 6.7\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 49.2,
  "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 L1 / Chain asset)"
 },
 "bottom_line": "Down 85%, aliveness reads WEAKENING. 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 0d ago \u2014 development is slowing.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.2,
   "status": "measured",
   "score": 71.5,
   "detail": "holders +154/30d (+2.0%, Bin 8/10 vs 169 L1 / Chain peers), MVRV 0.30 (Bin 6/10 vs 51 L1 / Chain peers), 30d exchange netflow -10.32% of supply (Bin 10/10 vs 38 L1 / Chain peers), data lagged 31d (provider tier) \u2014 holders are accumulating against the drawdown. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 69.0,
   "detail": "$2,865,327/24h (Bin 7/10 vs 308 L1 / Chain peers), 11.39% turnover (Bin 8/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.18,
   "status": "measured",
   "score": 67.0,
   "detail": "65 active addresses/day (Bin 6/10 vs 91 L1 / Chain peers), 30d trend +2.5% (Bin 9/10 vs 53 L1 / Chain peers), data lagged 31d (provider tier) \u2014 usage is strong for its peer group. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 5.0,
   "detail": "20% of supply circulating (Bin 1/10 vs 310 L1 / Chain peers), FDV/MC 5.0x (Bin 1/10), no max supply \u2014 heavy unminted/uncapped supply hangs over every holder \u2014 uncapped supply (perpetual emission risk, capped).",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 25.0,
   "detail": "30d -27% (Bin 2/10 vs 310 L1 / Chain peers), 200d -58% (Bin 4/10) \u2014 lagging its peer group badly.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}