{
 "id": "messier",
 "symbol": "M87",
 "name": "MESSIER",
 "archetype": "DeFi / Protocol",
 "archetype_reason": "category match: 'decentralized finance (defi)'",
 "contract": {
  "chain": "ethereum",
  "address": "0x80122c6a83c8202ea365233363d3f4837d13e888"
 },
 "price": {
  "price_usd": 4.92e-06,
  "ath_usd": 0.00014578,
  "ath_date": "2024-12-12T05:47:19.098Z",
  "market_cap": 4354577,
  "volume_24h": 173323,
  "price_chg_30d_pct": -12.14279,
  "price_chg_60d_pct": -30.16632,
  "price_chg_200d_pct": -37.26471,
  "coingecko_url": "https://www.coingecko.com/en/coins/messier"
 },
 "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": "SEVERE",
  "line": "Down 97% from ATH \u2014 reclaiming it needs 29.6\u00d7 from here. Historically ~3% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 96.6,
  "reclaim_multiple": 29.6,
  "base_rate_label": "down 95%+",
  "base_rate": 0.03,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 29.6\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 38.6,
  "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 DeFi / Protocol asset)"
 },
 "bottom_line": "Down 97%, 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": 0.0,
   "detail": "0 commits/4wk, 0 contributors, last commit 933d ago \u2014 development has effectively stopped.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.18,
   "status": "measured",
   "score": 44.1,
   "detail": "holders -18/30d (-0.2%, Bin 3/10 vs 278 DeFi / Protocol peers), concentration HHI 0.014 (Bin 10/10 vs 123 DeFi / Protocol peers) \u2014 holder base is holding steady. [DeFi / Protocol bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 59.0,
   "detail": "$173,323/24h (Bin 6/10 vs 358 DeFi / Protocol peers), 3.98% turnover (Bin 7/10) \u2014 liquidity is light for its class.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.2,
   "status": "measured",
   "score": 35.0,
   "detail": "32 active addresses/day (Bin 4/10 vs 113 DeFi / Protocol peers), data lagged 31d (provider tier) \u2014 usage is holding. [DeFi / Protocol bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 75.0,
   "detail": "88% of supply circulating (Bin 7/10 vs 360 DeFi / Protocol peers), FDV/MC 1.0x (Bin 9/10) \u2014 limited dilution risk.",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 40.0,
   "detail": "30d -12% (Bin 3/10 vs 360 DeFi / Protocol peers), 200d -37% (Bin 6/10) \u2014 middle of its peer pack.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}