{
 "id": "xion-2",
 "symbol": "XION",
 "name": "Xion",
 "archetype": "L1 / Chain",
 "archetype_reason": "category match: 'smart contract platform'",
 "contract": {
  "chain": "osmosis",
  "address": "ibc/2E3784772E70F7B3A638BA88F65C8BE125D3CDB6E28C6AABC51098C94F5E16A5"
 },
 "price": {
  "price_usd": 0.124015,
  "ath_usd": 6.83,
  "ath_date": "2024-12-08T00:00:00.000Z",
  "market_cap": 9282960,
  "volume_24h": 3437.05,
  "price_chg_30d_pct": 1.94688,
  "price_chg_60d_pct": -14.74759,
  "price_chg_200d_pct": -39.3178,
  "coingecko_url": "https://www.coingecko.com/en/coins/xion-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": "NEAR-TOTAL LOSS",
  "line": "Down 98% from ATH \u2014 reclaiming it needs 55.1\u00d7 from here. Historically ~3% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 98.2,
  "reclaim_multiple": 55.1,
  "base_rate_label": "down 95%+",
  "base_rate": 0.03,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 55.1\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 50.7,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "WEAKENING",
  "band_capped": false,
  "confidence": "HIGH",
  "confidence_detail": "measuring 5 of 6 factors (82% 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": "measured",
   "score": 66.7,
   "detail": "0 commits/4wk, 19 contributors, last commit 6d ago \u2014 actively developed.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.2,
   "status": "measured",
   "score": 74.1,
   "detail": "holders +12/30d (+4.2%, Bin 9/10 vs 169 L1 / Chain peers), concentration HHI 0.138 (Bin 5/10 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": 15.0,
   "detail": "$3,437/24h (Bin 2/10 vs 308 L1 / Chain peers), 0.04% turnover (Bin 2/10) \u2014 exit liquidity is thin for its class \u2014 selling moves the price.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.18,
   "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": 20.0,
   "detail": "37% of supply circulating (Bin 3/10 vs 310 L1 / Chain peers), FDV/MC 2.7x (Bin 2/10), no max supply \u2014 heavy unminted/uncapped supply hangs over every holder \u2014 uncapped supply (perpetual emission risk, capped).",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 70.0,
   "detail": "30d +2% (Bin 8/10 vs 310 L1 / Chain peers), 200d -39% (Bin 7/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}