{
 "id": "metis-token",
 "symbol": "METIS",
 "name": "Metis",
 "archetype": "L1 / Chain",
 "archetype_reason": "category match: 'smart contract platform'",
 "contract": {
  "chain": "ethereum",
  "address": "0x9e32b13ce7f2e80a01932b42553652e053d6ed8e"
 },
 "price": {
  "price_usd": 2.87,
  "ath_usd": 323.54,
  "ath_date": "2022-01-16T20:14:31.709Z",
  "market_cap": 21635537,
  "volume_24h": 2199714,
  "price_chg_30d_pct": 12.54828,
  "price_chg_60d_pct": -24.36502,
  "price_chg_200d_pct": -56.31862,
  "coingecko_url": "https://www.coingecko.com/en/coins/metis-token"
 },
 "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 99% from ATH \u2014 reclaiming it needs 112.7\u00d7 from here. Historically ~3% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 99.1,
  "reclaim_multiple": 112.7,
  "base_rate_label": "down 95%+",
  "base_rate": 0.03,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 112.7\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 53.5,
  "aliveness": "IMPAIRED",
  "aliveness_note": "Core systems impaired; consistent with a project in decline.",
  "mechanical_aliveness": "WEAKENING",
  "band_capped": true,
  "confidence": "MEDIUM",
  "confidence_detail": "measuring 5 of 6 factors (78% of the weight that matters for a L1 / Chain asset)"
 },
 "bottom_line": "Down 99%, aliveness reads IMPAIRED. Being functional is not recovery \u2014 the reclaim base rate is ~3%.",
 "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": 0.2,
   "status": "measured",
   "score": 44.1,
   "detail": "holders +79/30d (+0.3%, Bin 6/10 vs 169 L1 / Chain peers), concentration HHI 0.438 (Bin 2/10 vs 68 L1 / Chain peers) \u2014 holder base is holding steady. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 69.0,
   "detail": "$2,199,714/24h (Bin 7/10 vs 308 L1 / Chain peers), 10.17% turnover (Bin 8/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.18,
   "status": "measured",
   "score": 47.0,
   "detail": "60 active addresses/day (Bin 6/10 vs 91 L1 / Chain peers), 30d trend -21.0% (Bin 4/10 vs 53 L1 / Chain peers), data lagged 31d (provider tier) \u2014 usage is holding. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 50.0,
   "detail": "75% of supply circulating (Bin 6/10 vs 310 L1 / Chain peers), FDV/MC 1.3x (Bin 5/10) \u2014 meaningful dilution still to come.",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 60.0,
   "detail": "30d +13% (Bin 9/10 vs 310 L1 / Chain peers), 200d -56% (Bin 4/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}