{
 "id": "manta-network",
 "symbol": "MANTA",
 "name": "Manta Network",
 "archetype": "L1 / Chain",
 "archetype_reason": "category match: 'smart contract platform'",
 "contract": {
  "chain": "manta-pacific",
  "address": "0x95cef13441be50d20ca4558cc0a27b601ac544e5"
 },
 "price": {
  "price_usd": 0.059624,
  "ath_usd": 4.05,
  "ath_date": "2024-03-12T20:01:54.575Z",
  "market_cap": 28381145,
  "volume_24h": 6955852,
  "price_chg_30d_pct": -28.64478,
  "price_chg_60d_pct": -25.17401,
  "price_chg_200d_pct": -20.2802,
  "coingecko_url": "https://www.coingecko.com/en/coins/manta-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": "NEAR-TOTAL LOSS",
  "line": "Down 98% from ATH \u2014 reclaiming it needs 67.9\u00d7 from here. Historically ~3% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 98.5,
  "reclaim_multiple": 67.9,
  "base_rate_label": "down 95%+",
  "base_rate": 0.03,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 67.9\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 45.8,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "WEAKENING",
  "band_capped": false,
  "confidence": "MEDIUM",
  "confidence_detail": "measuring 4 of 6 factors (62% of the weight that matters for a L1 / Chain 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": 27.5,
   "detail": "0 commits/4wk, 0 contributors, last commit 59d ago \u2014 development is slowing.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.2,
   "status": "pending",
   "score": null,
   "detail": "",
   "note": "holder-count trend + % supply in profit / MVRV (wired: HolderScan sol/eth, Coin Metrics natives, Santiment BSC/L2); exchange netflow (v1, needs SANAPI PRO)"
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 79.0,
   "detail": "$6,955,852/24h (Bin 8/10 vs 308 L1 / Chain peers), 24.51% turnover (Bin 9/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.18,
   "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": 0.12,
   "status": "measured",
   "score": 30.0,
   "detail": "48% of supply circulating (Bin 4/10 vs 310 L1 / Chain peers), FDV/MC 2.1x (Bin 3/10) \u2014 meaningful dilution still to come.",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 45.0,
   "detail": "30d -29% (Bin 2/10 vs 310 L1 / Chain peers), 200d -20% (Bin 8/10) \u2014 middle of its peer pack.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}