{
 "id": "lighter",
 "symbol": "LIT",
 "name": "Lighter",
 "archetype": "DeFi / Protocol",
 "archetype_reason": "category match: 'decentralized finance (defi)'",
 "contract": {
  "chain": "ethereum",
  "address": "0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2"
 },
 "price": {
  "price_usd": 2.38,
  "ath_usd": 7.86,
  "ath_date": "2025-12-30T09:05:21.222Z",
  "market_cap": 595039033,
  "volume_24h": 55954997,
  "price_chg_30d_pct": 54.62107,
  "price_chg_60d_pct": 166.95145,
  "price_chg_200d_pct": 0.0,
  "coingecko_url": "https://www.coingecko.com/en/coins/lighter"
 },
 "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": "MODERATE",
  "line": "Down 70% from ATH \u2014 reclaiming it needs 3.3\u00d7 from here. Historically ~34% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 69.8,
  "reclaim_multiple": 3.3,
  "base_rate_label": "down 50-70%",
  "base_rate": 0.34,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 3.3\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 77.8,
  "aliveness": "FUNCTIONAL",
  "aliveness_note": "Structurally sound and active \u2014 speaks to mechanics, not recovery odds.",
  "mechanical_aliveness": "FUNCTIONAL",
  "band_capped": false,
  "confidence": "MEDIUM",
  "confidence_detail": "measuring 5 of 6 factors (78% of the weight that matters for a DeFi / Protocol asset)"
 },
 "bottom_line": "Down 70%, aliveness reads FUNCTIONAL. Being functional is not recovery \u2014 the reclaim base rate is ~34%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.22,
   "status": "pending",
   "score": null,
   "detail": "",
   "note": "dev activity (wired); treasury runway, fees/revenue (v1)"
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.18,
   "status": "measured",
   "score": 87.9,
   "detail": "holders +1,116/30d (+32.9%, Bin 10/10 vs 278 DeFi / Protocol peers), 18% of supply in profit (Bin 8/10 vs 41 DeFi / Protocol peers), 30d exchange netflow -2.20% of supply (Bin 10/10 vs 38 DeFi / Protocol peers), data lagged 31d (provider tier) \u2014 holders are accumulating against the drawdown. [DeFi / Protocol bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 87.0,
   "detail": "$55,954,997/24h (Bin 10/10 vs 358 DeFi / Protocol peers), 9.40% turnover (Bin 8/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.2,
   "status": "measured",
   "score": 89.0,
   "detail": "453 active addresses/day (Bin 9/10 vs 113 DeFi / Protocol peers), 30d trend +105.7% (Bin 10/10 vs 72 DeFi / Protocol peers), data lagged 31d (provider tier) \u2014 usage is strong for its peer group. [DeFi / Protocol bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 20.0,
   "detail": "25% of supply circulating (Bin 3/10 vs 360 DeFi / Protocol 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": 90.0,
   "detail": "30d +55% (Bin 10/10 vs 360 DeFi / Protocol peers), 200d +0% (Bin 9/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}