{
 "id": "solana",
 "symbol": "SOL",
 "name": "Solana",
 "archetype": "L1 / Chain",
 "archetype_reason": "category match: 'smart contract platform'",
 "contract": null,
 "price": {
  "price_usd": 76.39,
  "ath_usd": 293.31,
  "ath_date": "2025-01-19T11:15:27.957Z",
  "market_cap": 44473420457,
  "volume_24h": 1410929064,
  "price_chg_30d_pct": 13.40129,
  "price_chg_60d_pct": -16.02686,
  "price_chg_200d_pct": -37.5699,
  "coingecko_url": "https://www.coingecko.com/en/coins/solana"
 },
 "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 3.8\u00d7 from here. Historically ~18% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 74.0,
  "reclaim_multiple": 3.8,
  "base_rate_label": "down 70-85%",
  "base_rate": 0.18,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 3.8\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 81.6,
  "aliveness": "STRAINED",
  "aliveness_note": "Still functioning, but showing strain in one or more systems.",
  "mechanical_aliveness": "FUNCTIONAL",
  "band_capped": true,
  "confidence": "HIGH",
  "confidence_detail": "measuring 5 of 6 factors (80% of the weight that matters for a L1 / Chain asset)"
 },
 "bottom_line": "Down 74%, aliveness reads STRAINED. Being functional is not recovery \u2014 the reclaim base rate is ~18%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.22,
   "status": "measured",
   "score": 100.0,
   "detail": "356 commits/4wk, 411 contributors, last commit 0d ago \u2014 actively developed.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.2,
   "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": 79.0,
   "detail": "$1,410,929,064/24h (Bin 10/10 vs 308 L1 / Chain peers), 3.17% turnover (Bin 6/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.18,
   "status": "measured",
   "score": 83.0,
   "detail": "2,767,413 active addresses/day (Bin 10/10 vs 91 L1 / Chain peers), 30d trend -7.2% (Bin 7/10 vs 53 L1 / Chain peers), data lagged 31d (provider tier) \u2014 usage is strong for its peer group. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 55,
   "detail": "92% of supply circulating (Bin 7/10 vs 310 L1 / Chain peers), FDV/MC 1.1x (Bin 6/10), 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": 75.0,
   "detail": "30d +13% (Bin 9/10 vs 310 L1 / Chain peers), 200d -38% (Bin 7/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}