{
 "id": "micron-technology-backpack-securities",
 "symbol": "MU",
 "name": "Micron Technology (Backpack Securities)",
 "archetype": "RWA",
 "archetype_reason": "category match: 'real world assets (rwa)'",
 "contract": {
  "chain": "solana",
  "address": "MUxEsUKSMACyw5fZf68wxf5FLnZVhtU9CwH8uNNGay1"
 },
 "price": {
  "price_usd": 924.06,
  "ath_usd": 1243.85,
  "ath_date": "2026-06-25T05:25:44.478Z",
  "market_cap": 6422235,
  "volume_24h": 3204201,
  "price_chg_30d_pct": 0.0,
  "price_chg_60d_pct": 0.0,
  "price_chg_200d_pct": 0.0,
  "coingecko_url": "https://www.coingecko.com/en/coins/micron-technology-backpack-securities"
 },
 "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": "SHALLOW",
  "line": "Down 26% from ATH \u2014 reclaiming it needs 1.3\u00d7 from here. Historically ~55% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 25.9,
  "reclaim_multiple": 1.3,
  "base_rate_label": "down <50%",
  "base_rate": 0.55,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 1.3\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 62.3,
  "aliveness": "STRAINED",
  "aliveness_note": "Still functioning, but showing strain in one or more systems.",
  "mechanical_aliveness": "STRAINED",
  "band_capped": false,
  "confidence": "MEDIUM",
  "confidence_detail": "measuring 4 of 6 factors (63% of the weight that matters for a RWA asset)"
 },
 "bottom_line": "Down 26%, aliveness reads STRAINED. Being functional is not recovery \u2014 the reclaim base rate is ~55%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.25,
   "status": "pending",
   "score": null,
   "detail": "",
   "note": "dev activity (wired); treasury runway, fees/revenue (v1)"
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.15,
   "status": "measured",
   "score": 45.0,
   "detail": "concentration HHI 0.290 (Bin 5/10 vs 58 RWA peers) \u2014 moderately distributed supply. [RWA bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 89.0,
   "detail": "$3,204,201/24h (Bin 9/10 vs 215 RWA peers), 49.89% turnover (Bin 10/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.12,
   "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": 0.2,
   "status": "measured",
   "score": 55,
   "detail": "100% of supply circulating (Bin 8/10 vs 265 RWA peers), FDV/MC 1.0x (Bin 7/10), no max supply \u2014 meaningful dilution still to come \u2014 uncapped supply (perpetual emission risk, capped).",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 55.0,
   "detail": "30d +0% (Bin 6/10 vs 265 RWA peers), 200d +0% (Bin 6/10) \u2014 middle of its peer pack.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}