{
 "id": "zenon-2",
 "symbol": "ZNN",
 "name": "Zenon",
 "archetype": "Infrastructure",
 "archetype_reason": "category match: 'infrastructure'",
 "contract": {
  "chain": "ethereum",
  "address": "0xb2e96a63479c2edd2fd62b382c89d5ca79f572d3"
 },
 "price": {
  "price_usd": 0.116157,
  "ath_usd": 5.53,
  "ath_date": "2023-11-20T01:19:42.979Z",
  "market_cap": 1533797,
  "volume_24h": 104.19,
  "price_chg_30d_pct": -8.65345,
  "price_chg_60d_pct": -43.18704,
  "price_chg_200d_pct": -67.63768,
  "coingecko_url": "https://www.coingecko.com/en/coins/zenon-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 47.6\u00d7 from here. Historically ~3% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 97.9,
  "reclaim_multiple": 47.6,
  "base_rate_label": "down 95%+",
  "base_rate": 0.03,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 47.6\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 26.4,
  "aliveness": "IMPAIRED",
  "aliveness_note": "Core systems impaired; consistent with a project in decline.",
  "mechanical_aliveness": "IMPAIRED",
  "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 98%, aliveness reads IMPAIRED. 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": 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": 31.4,
   "detail": "holders -2/30d (-0.3%, Bin 2/10 vs 114 Infrastructure peers), concentration HHI 0.059 (Bin 8/10 vs 64 Infrastructure peers) \u2014 holder base is holding steady. [Infrastructure bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 5.0,
   "detail": "$104/24h (Bin 1/10 vs 155 Infrastructure peers), 0.01% turnover (Bin 1/10) \u2014 exit liquidity is thin for its class \u2014 selling moves the price.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.2,
   "status": "measured",
   "score": 15.0,
   "detail": "3 transfers/day (Bin 2/10 vs 58 Infrastructure peers) \u2014 transfer activity, not users; proxy tier \u2014 little on-chain movement. [Infrastructure bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 50.0,
   "detail": "15% of supply circulating (Bin 1/10 vs 156 Infrastructure peers), FDV/MC 1.0x (Bin 10/10) \u2014 meaningful dilution still to come.",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 35.0,
   "detail": "30d -9% (Bin 5/10 vs 156 Infrastructure peers), 200d -68% (Bin 3/10) \u2014 middle of its peer pack.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}