{
 "id": "sapien-2",
 "symbol": "SAPIEN",
 "name": "Sapien",
 "archetype": "Infrastructure",
 "archetype_reason": "category match: 'infrastructure'",
 "contract": {
  "chain": "base",
  "address": "0xc729777d0470f30612b1564fd96e8dd26f5814e3"
 },
 "price": {
  "price_usd": 0.078405,
  "ath_usd": 0.536429,
  "ath_date": "2025-11-06T14:30:48.482Z",
  "market_cap": 19600464,
  "volume_24h": 5384712,
  "price_chg_30d_pct": -3.75665,
  "price_chg_60d_pct": -38.98591,
  "price_chg_200d_pct": -37.00522,
  "coingecko_url": "https://www.coingecko.com/en/coins/sapien-2"
 },
 "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 86% from ATH \u2014 reclaiming it needs 6.8\u00d7 from here. Historically ~8% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 85.5,
  "reclaim_multiple": 6.8,
  "base_rate_label": "down 85-95%",
  "base_rate": 0.08,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 6.8\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 56.1,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "STRAINED",
  "band_capped": true,
  "confidence": "MEDIUM",
  "confidence_detail": "measuring 4 of 6 factors (60% of the weight that matters for a Infrastructure asset)"
 },
 "bottom_line": "Down 86%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~8%.",
 "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": "pending",
   "score": null,
   "detail": "",
   "note": "holder-count trend + % supply in profit / MVRV (wired: HolderScan sol/eth, Coin Metrics natives, Santiment BSC/L2); exchange netflow (v1, needs SANAPI PRO)"
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 73.0,
   "detail": "$5,384,712/24h (Bin 7/10 vs 155 Infrastructure peers), 27.47% turnover (Bin 9/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.2,
   "status": "measured",
   "score": 60.0,
   "detail": "1,740 transfers/day (Bin 9/10 vs 58 Infrastructure peers) \u2014 transfer activity, not users; proxy tier \u2014 heavy on-chain movement (proxy read). [Infrastructure bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 25.0,
   "detail": "25% of supply circulating (Bin 3/10 vs 156 Infrastructure peers), FDV/MC 4.0x (Bin 3/10) \u2014 heavy unminted/uncapped supply hangs over every holder.",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 55.0,
   "detail": "30d -4% (Bin 6/10 vs 156 Infrastructure peers), 200d -37% (Bin 6/10) \u2014 middle of its peer pack.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}