{
 "id": "spacex-republic-pre-ipo",
 "symbol": "PRESPCX",
 "name": "SpaceX (Republic Pre-IPO)",
 "archetype": "RWA",
 "archetype_reason": "category match: 'real world assets (rwa)'",
 "contract": {
  "chain": "solana",
  "address": "4HtfQVWujUfTmZJbtDjSjdJPmqYyri4BpnipjqsD9HLS"
 },
 "price": {
  "price_usd": 142.63,
  "ath_usd": 946.96,
  "ath_date": "2026-05-22T13:00:04.592Z",
  "market_cap": 13542778,
  "volume_24h": 94984,
  "price_chg_30d_pct": -10.37162,
  "price_chg_60d_pct": -79.64291,
  "price_chg_200d_pct": 0.0,
  "coingecko_url": "https://www.coingecko.com/en/coins/spacex-republic-pre-ipo"
 },
 "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 85% from ATH \u2014 reclaiming it needs 6.6\u00d7 from here. Historically ~18% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 84.9,
  "reclaim_multiple": 6.6,
  "base_rate_label": "down 70-85%",
  "base_rate": 0.18,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 6.6\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 38.6,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "WEAKENING",
  "band_capped": false,
  "confidence": "MEDIUM",
  "confidence_detail": "measuring 4 of 6 factors (63% of the weight that matters for a RWA asset)"
 },
 "bottom_line": "Down 85%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~18%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.25,
   "status": "pending",
   "score": null,
   "detail": "",
   "note": "dev activity (wired); treasury runway, fees/revenue (v1)"
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.15,
   "status": "measured",
   "score": 25.0,
   "detail": "holders +0/30d (+0.0%, Bin 3/10 vs 180 RWA peers) \u2014 holders are leaving \u2014 conviction is draining. [RWA bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 31.0,
   "detail": "$94,984/24h (Bin 4/10 vs 215 RWA peers), 0.70% turnover (Bin 3/10) \u2014 liquidity is light for its class.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.12,
   "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": 0.2,
   "status": "measured",
   "score": 55,
   "detail": "100% of supply circulating (Bin 8/10 vs 265 RWA peers), FDV/MC 1.0x (Bin 7/10), 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": 40.0,
   "detail": "30d -10% (Bin 3/10 vs 265 RWA peers), 200d +0% (Bin 6/10) \u2014 middle of its peer pack.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}