{
 "id": "zama",
 "symbol": "ZAMA",
 "name": "Zama",
 "archetype": "Infrastructure",
 "archetype_reason": "category match: 'cross-chain communication'",
 "contract": {
  "chain": "ethereum",
  "address": "0xa12cc123ba206d4031d1c7f6223d1c2ec249f4f3"
 },
 "price": {
  "price_usd": 0.03399671,
  "ath_usd": 0.04103617,
  "ath_date": "2026-04-14T10:40:27.861Z",
  "market_cap": 74765377,
  "volume_24h": 7416357,
  "price_chg_30d_pct": 6.49606,
  "price_chg_60d_pct": 29.48932,
  "price_chg_200d_pct": 0.0,
  "coingecko_url": "https://www.coingecko.com/en/coins/zama"
 },
 "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": "SHALLOW",
  "line": "Down 17% from ATH \u2014 reclaiming it needs 1.2\u00d7 from here. Historically ~55% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 17.2,
  "reclaim_multiple": 1.2,
  "base_rate_label": "down <50%",
  "base_rate": 0.55,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 1.2\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 56.0,
  "aliveness": "STRAINED",
  "aliveness_note": "Still functioning, but showing strain in one or more systems.",
  "mechanical_aliveness": "STRAINED",
  "band_capped": false,
  "confidence": "HIGH",
  "confidence_detail": "measuring 6 of 6 factors (100% of the weight that matters for a Infrastructure asset)"
 },
 "bottom_line": "Down 17%, aliveness reads STRAINED. Being functional is not recovery \u2014 the reclaim base rate is ~55%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.22,
   "status": "measured",
   "score": 33.3,
   "detail": "0 commits/4wk, 0 contributors, last commit 0d ago \u2014 development is slowing.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.18,
   "status": "measured",
   "score": 70.5,
   "detail": "holders +266/30d (+6.7%, Bin 10/10 vs 114 Infrastructure peers), concentration HHI 0.487 (Bin 1/10 vs 64 Infrastructure peers) \u2014 holders are accumulating against the drawdown. [Infrastructure bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 71.0,
   "detail": "$7,416,357/24h (Bin 8/10 vs 155 Infrastructure peers), 9.92% turnover (Bin 7/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.2,
   "status": "measured",
   "score": 67.0,
   "detail": "255 active addresses/day (Bin 8/10 vs 51 Infrastructure peers), 30d trend +5.7% (Bin 6/10 vs 34 Infrastructure peers), data lagged 31d (provider tier) \u2014 usage is strong for its peer group. [Infrastructure bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 15.0,
   "detail": "20% of supply circulating (Bin 2/10 vs 156 Infrastructure peers), FDV/MC 5.0x (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": 80.0,
   "detail": "30d +6% (Bin 8/10 vs 156 Infrastructure peers), 200d +0% (Bin 9/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}