{
 "id": "perle",
 "symbol": "PRL",
 "name": "Perle",
 "archetype": "Infrastructure",
 "archetype_reason": "category match: 'infrastructure'",
 "contract": {
  "chain": "solana",
  "address": "PERLEQKUNUp1dgFZ8EvyXHdN9d6ZQqfGxALDvfs6pDs"
 },
 "price": {
  "price_usd": 0.166085,
  "ath_usd": 0.431223,
  "ath_date": "2026-04-16T20:45:01.248Z",
  "market_cap": 29066785,
  "volume_24h": 2684022,
  "price_chg_30d_pct": -11.06745,
  "price_chg_60d_pct": -33.70997,
  "price_chg_200d_pct": 0.0,
  "coingecko_url": "https://www.coingecko.com/en/coins/perle"
 },
 "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": "MODERATE",
  "line": "Down 61% from ATH \u2014 reclaiming it needs 2.6\u00d7 from here. Historically ~34% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 61.3,
  "reclaim_multiple": 2.6,
  "base_rate_label": "down 50-70%",
  "base_rate": 0.34,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 2.6\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 50.6,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "WEAKENING",
  "band_capped": false,
  "confidence": "LOW",
  "confidence_detail": "measuring 4 of 6 factors (58% of the weight that matters for a Infrastructure asset)"
 },
 "bottom_line": "Down 61%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~34%.",
 "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": 68.6,
   "detail": "holders +96/30d (+3.6%, Bin 9/10 vs 114 Infrastructure peers), concentration HHI 0.202 (Bin 3/10 vs 64 Infrastructure peers) \u2014 holders are accumulating against the drawdown. [Infrastructure bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 55.0,
   "detail": "$2,684,022/24h (Bin 6/10 vs 155 Infrastructure peers), 9.23% turnover (Bin 6/10) \u2014 liquidity is light for its class.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.2,
   "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": 0.12,
   "status": "measured",
   "score": 5.0,
   "detail": "18% of supply circulating (Bin 1/10 vs 156 Infrastructure peers), FDV/MC 5.7x (Bin 1/10) \u2014 heavy unminted/uncapped supply hangs over every holder.",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 65.0,
   "detail": "30d -11% (Bin 5/10 vs 156 Infrastructure peers), 200d +0% (Bin 9/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only.",
  "LOW confidence \u2014 factors most predictive for Infrastructure assets aren't all wired. Structural read is partial."
 ]
}