{
 "id": "nxm",
 "symbol": "NXM",
 "name": "Nexus Mutual",
 "archetype": "DeFi / Protocol",
 "archetype_reason": "category match: 'decentralized finance (defi)'",
 "contract": {
  "chain": "ethereum",
  "address": "0xd7c49cee7e9188cca6ad8ff264c1da2e69d4cf3b"
 },
 "price": {
  "price_usd": 48.07,
  "ath_usd": 185.97,
  "ath_date": "2021-11-10T15:14:14.418Z",
  "market_cap": 82443350,
  "volume_24h": 0.0,
  "price_chg_30d_pct": 5.44199,
  "price_chg_60d_pct": -16.33473,
  "price_chg_200d_pct": -33.54231,
  "coingecko_url": "https://www.coingecko.com/en/coins/nxm"
 },
 "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 74% from ATH \u2014 reclaiming it needs 3.9\u00d7 from here. Historically ~18% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 74.2,
  "reclaim_multiple": 3.9,
  "base_rate_label": "down 70-85%",
  "base_rate": 0.18,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 3.9\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 34.7,
  "aliveness": "IMPAIRED",
  "aliveness_note": "Core systems impaired; consistent with a project in decline.",
  "mechanical_aliveness": "IMPAIRED",
  "band_capped": false,
  "confidence": "MEDIUM",
  "confidence_detail": "measuring 5 of 6 factors (78% of the weight that matters for a DeFi / Protocol asset)"
 },
 "bottom_line": "Down 74%, aliveness reads IMPAIRED. Being functional is not recovery \u2014 the reclaim base rate is ~18%.",
 "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": 0.18,
   "status": "measured",
   "score": 45.0,
   "detail": "holders +1/30d (+0.0%, Bin 5/10 vs 278 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": 5.0,
   "detail": "$0/24h (Bin 1/10 vs 358 DeFi / Protocol peers), 0.00% turnover (Bin 1/10) \u2014 exit liquidity is thin for its class \u2014 selling moves the price.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.2,
   "status": "measured",
   "score": 25.0,
   "detail": "6 active addresses/day (Bin 1/10 vs 113 DeFi / Protocol peers), 30d trend -8.3% (Bin 6/10 vs 72 DeFi / Protocol peers) \u2014 usage is draining away. [DeFi / Protocol bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 55,
   "detail": "100% of supply circulating (Bin 10/10 vs 360 DeFi / Protocol peers), FDV/MC 1.0x (Bin 9/10), 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": 65.0,
   "detail": "30d +5% (Bin 8/10 vs 360 DeFi / Protocol peers), 200d -34% (Bin 6/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only.",
  "Recent whale activity signal on the record (2026-04-21) \u2014 not reflected in the score; check before acting.",
  "Recent risk alert signal on the record (2026-04-19) \u2014 not reflected in the score; check before acting."
 ]
}