{
 "id": "mx-token",
 "symbol": "MX",
 "name": "MX",
 "archetype": "Centralized Exchange (CEX) Token",
 "archetype_reason": "category match: 'centralized exchange (cex) token'",
 "contract": {
  "chain": "ethereum",
  "address": "0x11eef04c884e24d9b7b4760e7476d06ddf797f36"
 },
 "price": {
  "price_usd": 1.65,
  "ath_usd": 5.85,
  "ath_date": "2024-04-09T22:10:39.934Z",
  "market_cap": 151539961,
  "volume_24h": 2870515,
  "price_chg_30d_pct": -2.38608,
  "price_chg_60d_pct": -6.46553,
  "price_chg_200d_pct": -19.55169,
  "coingecko_url": "https://www.coingecko.com/en/coins/mx-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": "DEEP",
  "line": "Down 72% from ATH \u2014 reclaiming it needs 3.5\u00d7 from here. Historically ~18% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 71.8,
  "reclaim_multiple": 3.5,
  "base_rate_label": "down 70-85%",
  "base_rate": 0.18,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 3.5\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 46.9,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "WEAKENING",
  "band_capped": false,
  "confidence": "HIGH",
  "confidence_detail": "measuring 5 of 6 factors (85% of the weight that matters for a Centralized Exchange (CEX) Token asset)"
 },
 "bottom_line": "Down 72%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~18%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.15,
   "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": 75.9,
   "detail": "holders +248/30d (+5.1%, Bin 10/10 vs 169 L1 / Chain peers), concentration HHI 0.382 (Bin 3/10 vs 68 L1 / Chain peers) \u2014 holders are accumulating against the drawdown. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 57.0,
   "detail": "$2,870,515/24h (Bin 7/10 vs 308 L1 / Chain peers), 1.89% turnover (Bin 5/10) \u2014 liquidity is light for its class.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.15,
   "status": "measured",
   "score": 35.0,
   "detail": "23 active addresses/day (Bin 4/10 vs 91 L1 / Chain peers), data lagged 31d (provider tier) \u2014 usage is holding. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.22,
   "status": "measured",
   "score": 10.0,
   "detail": "22% of supply circulating (Bin 2/10 vs 310 L1 / Chain peers), FDV/MC 4.5x (Bin 1/10), no max supply \u2014 heavy unminted/uncapped supply hangs over every holder \u2014 uncapped supply (perpetual emission risk, capped).",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 70.0,
   "detail": "30d -2% (Bin 7/10 vs 310 L1 / Chain peers), 200d -20% (Bin 8/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}