{
 "id": "vanar-chain",
 "symbol": "VANRY",
 "name": "Vanar Chain",
 "archetype": "L1 / Chain",
 "archetype_reason": "category match: 'smart contract platform'",
 "contract": {
  "chain": "ethereum",
  "address": "0x8de5b80a0c1b02fe4976851d030b36122dbb8624"
 },
 "price": {
  "price_usd": 0.00596611,
  "ath_usd": 0.372326,
  "ath_date": "2024-03-13T13:00:51.153Z",
  "market_cap": 12793980,
  "volume_24h": 25479953,
  "price_chg_30d_pct": 70.14781,
  "price_chg_60d_pct": 4.08936,
  "price_chg_200d_pct": -20.23618,
  "coingecko_url": "https://www.coingecko.com/en/coins/vanar-chain"
 },
 "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": "NEAR-TOTAL LOSS",
  "line": "Down 98% from ATH \u2014 reclaiming it needs 62.4\u00d7 from here. Historically ~3% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 98.4,
  "reclaim_multiple": 62.4,
  "base_rate_label": "down 95%+",
  "base_rate": 0.03,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 62.4\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 79.6,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "FUNCTIONAL",
  "band_capped": true,
  "confidence": "MEDIUM",
  "confidence_detail": "measuring 5 of 6 factors (78% of the weight that matters for a L1 / Chain asset)"
 },
 "bottom_line": "Down 98%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~3%.",
 "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": 0.2,
   "status": "measured",
   "score": 92.3,
   "detail": "holders +761/30d (+10.2%, Bin 10/10 vs 169 L1 / Chain peers), concentration HHI 0.037 (Bin 9/10 vs 68 L1 / Chain peers) \u2014 holders are accumulating against the drawdown. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 95.0,
   "detail": "$25,479,953/24h (Bin 10/10 vs 308 L1 / Chain peers), 199.16% turnover (Bin 10/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.18,
   "status": "measured",
   "score": 60.0,
   "detail": "1,024 transfers/day (Bin 8/10 vs 74 L1 / Chain peers) \u2014 transfer activity, not users; proxy tier \u2014 heavy on-chain movement (proxy read). [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 60.0,
   "detail": "90% of supply circulating (Bin 7/10 vs 310 L1 / Chain peers), FDV/MC 1.1x (Bin 6/10) \u2014 limited dilution risk.",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 85.0,
   "detail": "30d +70% (Bin 10/10 vs 310 L1 / Chain peers), 200d -20% (Bin 8/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}