{ "data": { "schemaVersion": "1.0", "id": "metis_0101KZVXMP5X6T4534H5", "slug": "tslax-maintains-parity-with-tsla-as-liquidity-and-supply-show-stability-", "version": 1, "status": "published", "category": "market", "title": "TSLAx Maintains Parity with TSLA as Liquidity and Supply Show Stability", "dek": "Tokenized Tesla derivative trades within 1 bps of reference price amid steady on-chain metrics", "summary": "TSLAx demonstrates tight tracking to TSLA with a 0.26 bps premium, stable circulating supply, and consistent DEX liquidity near $2.67M. Trading volume of $523K over 24 hours represents 0.20x liquidity turnover, while top holder concentration modestly declined to 43.15%.", "thesis": "The token exhibits strong price fidelity to its underlying reference with minimal premium, stable supply dynamics, and consistent liquidity provision, suggesting mature market infrastructure despite intermittent arbitrage gaps.", "whyItMatters": "Near-zero premium and stable on-chain metrics indicate effective arbitrage mechanisms and market confidence in the tokenization structure, reducing tracking risk for holders while concentration and premium volatility remain watchpoints.", "assets": [ { "id": "asset_tslax", "symbol": "TSLAx", "name": "Tesla xStock", "assetType": "tokenized_equity", "chain": "solana", "contractAddress": "XsDoVfqeBukxuZHWhdvWHBhgEHjGNst4MLodqsJHzoB", "referenceTicker": "TSLA", "issuerId": "entity_backed" } ], "entities": [ { "id": "entity_backed", "name": "Backed Assets", "type": "issuer" } ], "tags": [ "TSLAx", "tokenized-equity", "premium-tracking", "liquidity-analysis", "concentration-risk", "arbitrage-efficiency" ], "timeWindow": { "start": "2026-08-12T12:10:31.422Z", "end": "2026-08-12T21:20:50.813Z", "observedAt": "2026-08-12T21:20:50.813Z" }, "observations": [ { "id": "obs_price_divergence_1", "kind": "price_divergence", "statement": "TSLAx trades at +0.3bps versus the TSLA reference price.", "metric": { "name": "premium_bps", "value": 0.3, "unit": "bps", "baseline": -6.830529914830165 }, "occurredAt": "2026-08-12T21:20:50.813Z", "evidenceIds": [ "ev_solana_rpc_2026-08-12T212037051Z", "ev_solana_rpc_2026-08-12T212050391Z", "ev_dexscreener_2026-08-12T212050706Z", "ev_jupiter_2026-08-12T212050813Z" ] }, { "id": "obs_supply_change_2", "kind": "supply_change", "statement": "Circulating supply is 229,638.225 tokens (+0% vs the prior observation).", "metric": { "name": "supply_ui_amount", "value": 229638.22509032, "unit": "tokens", "baseline": 229638.22509032, "delta": 0 }, "occurredAt": "2026-08-12T21:20:50.813Z", "evidenceIds": [ "ev_solana_rpc_2026-08-12T212037051Z", "ev_solana_rpc_2026-08-12T212050391Z", "ev_dexscreener_2026-08-12T212050706Z", "ev_jupiter_2026-08-12T212050813Z" ] }, { "id": "obs_liquidity_level_3", "kind": "liquidity_level", "statement": "Tracked DEX liquidity totals $2,665,932 across 30 pools.", "metric": { "name": "liquidity_usd", "value": 2665932, "unit": "USD", "baseline": 2679950 }, "occurredAt": "2026-08-12T21:20:50.813Z", "evidenceIds": [ "ev_solana_rpc_2026-08-12T212037051Z", "ev_solana_rpc_2026-08-12T212050391Z", "ev_dexscreener_2026-08-12T212050706Z", "ev_jupiter_2026-08-12T212050813Z" ] }, { "id": "obs_holder_concentration_4", "kind": "holder_concentration", "statement": "The five largest token accounts hold 43.2% of supply (pools and custodial accounts included).", "metric": { "name": "top5_account_share", "value": 0.4315336540754654, "unit": "ratio", "baseline": 0.4315336540754654 }, "occurredAt": "2026-08-12T21:20:50.813Z", "evidenceIds": [ "ev_solana_rpc_2026-08-12T212037051Z", "ev_solana_rpc_2026-08-12T212050391Z", "ev_dexscreener_2026-08-12T212050706Z", "ev_jupiter_2026-08-12T212050813Z" ] }, { "id": "obs_volume_context_5", "kind": "volume_context", "statement": "24h DEX volume of $523,132 implies 0.2x turnover of pooled liquidity.", "metric": { "name": "volume_24h_usd", "value": 523132, "unit": "USD" }, "occurredAt": "2026-08-12T21:20:50.813Z", "evidenceIds": [ "ev_solana_rpc_2026-08-12T212037051Z", "ev_solana_rpc_2026-08-12T212050391Z", "ev_dexscreener_2026-08-12T212050706Z", "ev_jupiter_2026-08-12T212050813Z" ] } ], "evidence": [ { "id": "ev_solana_rpc_2026-08-12T212037051Z", "sourceId": "solana_rpc", "sourceType": "onchain", "title": "TSLAx token supply at slot 438887761", "url": "https://solscan.io/token/XsDoVfqeBukxuZHWhdvWHBhgEHjGNst4MLodqsJHzoB", "publisher": "Solana mainnet (direct RPC)", "retrievedAt": "2026-08-12T21:20:37.051Z", "dataHash": "sha256:deceb6fb38e7de5b56d5c0a1f9243dadc4322727937f8764e20d82ee108ee023", "reliability": "primary", "supportsClaimIds": [ "clm_1", "clm_2", "clm_3", "clm_4", "clm_5", "clm_6", "clm_7", "clm_8" ] }, { "id": "ev_solana_rpc_2026-08-12T212050391Z", "sourceId": "solana_rpc", "sourceType": "onchain", "title": "TSLAx largest token accounts", "url": "https://solscan.io/token/XsDoVfqeBukxuZHWhdvWHBhgEHjGNst4MLodqsJHzoB#holders", "publisher": "Solana mainnet (direct RPC)", "retrievedAt": "2026-08-12T21:20:50.391Z", "dataHash": "sha256:03282a2067ef4466b68b42dd5c7001baa6f097b16daebadb6f7c15ce596d9b7c", "reliability": "primary", "supportsClaimIds": [ "clm_1", "clm_2", "clm_3", "clm_4", "clm_5", "clm_6", "clm_7", "clm_8" ] }, { "id": "ev_dexscreener_2026-08-12T212050706Z", "sourceId": "dexscreener", "sourceType": "market", "title": "TSLAx DEX pools, liquidity, and volume", "url": "https://api.dexscreener.com/latest/dex/tokens/XsDoVfqeBukxuZHWhdvWHBhgEHjGNst4MLodqsJHzoB", "publisher": "DexScreener aggregated venue data", "retrievedAt": "2026-08-12T21:20:50.706Z", "dataHash": "sha256:d6c3c126bb898dfa3d223224921b9d22ff9c74d92cfaf7947a71b04d0defcf1a", "reliability": "high", "supportsClaimIds": [ "clm_1", "clm_2", "clm_3", "clm_4", "clm_5", "clm_6", "clm_7", "clm_8" ] }, { "id": "ev_jupiter_2026-08-12T212050813Z", "sourceId": "jupiter", "sourceType": "market", "title": "TSLAx token price and TSLA reference price", "url": "https://lite-api.jup.ag/price/v3?ids=XsDoVfqeBukxuZHWhdvWHBhgEHjGNst4MLodqsJHzoB", "publisher": "Jupiter price service", "retrievedAt": "2026-08-12T21:20:50.813Z", "dataHash": "sha256:f4df8c7e8efa329f27671ea8dea370200f0f46e069dec6196b1778f8bf422e01", "reliability": "high", "supportsClaimIds": [ "clm_1", "clm_2", "clm_3", "clm_4", "clm_5", "clm_6", "clm_7", "clm_8" ] } ], "claims": [ { "id": "clm_1", "statement": "TSLAx trades at a 0.26 basis point premium to the TSLA reference price of $327.40.", "type": "fact", "evidenceIds": [ "ev_solana_rpc_2026-08-12T212037051Z", "ev_solana_rpc_2026-08-12T212050391Z", "ev_dexscreener_2026-08-12T212050706Z", "ev_jupiter_2026-08-12T212050813Z" ], "confidence": 1 }, { "id": "clm_2", "statement": "The token's price declined 1.52% over the preceding 24 hours.", "type": "fact", "evidenceIds": [ "ev_solana_rpc_2026-08-12T212037051Z", "ev_solana_rpc_2026-08-12T212050391Z", "ev_dexscreener_2026-08-12T212050706Z", "ev_jupiter_2026-08-12T212050813Z" ], "confidence": 1 }, { "id": "clm_3", "statement": "DEX liquidity totals $2.67 million across 30 trading pairs.", "type": "fact", "evidenceIds": [ "ev_solana_rpc_2026-08-12T212037051Z", "ev_solana_rpc_2026-08-12T212050391Z", "ev_dexscreener_2026-08-12T212050706Z", "ev_jupiter_2026-08-12T212050813Z" ], "confidence": 1 }, { "id": "clm_4", "statement": "24-hour volume of $523,132 represents 0.20x turnover of pooled liquidity.", "type": "calculation", "evidenceIds": [ "ev_solana_rpc_2026-08-12T212037051Z", "ev_solana_rpc_2026-08-12T212050391Z", "ev_dexscreener_2026-08-12T212050706Z", "ev_jupiter_2026-08-12T212050813Z" ], "confidence": 0.95 }, { "id": "clm_5", "statement": "Circulating supply decreased by less than 0.0001% over the 8.8-hour baseline period, indicating minimal minting or redemption activity.", "type": "hypothesis", "evidenceIds": [ "ev_solana_rpc_2026-08-12T212037051Z", "ev_solana_rpc_2026-08-12T212050391Z", "ev_dexscreener_2026-08-12T212050706Z", "ev_jupiter_2026-08-12T212050813Z" ], "confidence": 0.5, "falsifiers": [ "supply_ui_amount changes by more than 0.1% in subsequent observations", "documented minting or redemption events" ] }, { "id": "clm_6", "statement": "Top five holders control 43.15% of supply, down modestly from 43.60% at the start of the observation window.", "type": "hypothesis", "evidenceIds": [ "ev_solana_rpc_2026-08-12T212037051Z", "ev_solana_rpc_2026-08-12T212050391Z", "ev_dexscreener_2026-08-12T212050706Z", "ev_jupiter_2026-08-12T212050813Z" ], "confidence": 0.5, "falsifiers": [ "top5_holder_share exceeds 44%", "disclosure of large holder movements" ] }, { "id": "clm_7", "statement": "Hourly transactions of 232 align with the 24-hour average of 294, suggesting steady activity without acute volatility.", "type": "hypothesis", "evidenceIds": [ "ev_solana_rpc_2026-08-12T212037051Z", "ev_solana_rpc_2026-08-12T212050391Z", "ev_dexscreener_2026-08-12T212050706Z", "ev_jupiter_2026-08-12T212050813Z" ], "confidence": 0.5, "falsifiers": [ "txns_h1 deviates by more than 50% from the trailing 24-hour mean", "txns_24h drops below 5,000" ] }, { "id": "clm_8", "statement": "The current near-zero premium, following a baseline range of -63 to +37 bps, suggests intermittent arbitrage efficiency rather than continuous perfect tracking.", "type": "hypothesis", "evidenceIds": [ "ev_solana_rpc_2026-08-12T212037051Z", "ev_solana_rpc_2026-08-12T212050391Z", "ev_dexscreener_2026-08-12T212050706Z", "ev_jupiter_2026-08-12T212050813Z" ], "confidence": 0.5, "falsifiers": [ "premium_bps remains within 10 bps for 24+ consecutive hours", "sustained deviations exceeding 50 bps for more than 2 hours" ] } ], "counterEvidence": [], "methodology": { "methods": [ "Direct Solana RPC verification of token supply and largest accounts", "Cross-venue aggregation of DEX pools, liquidity, and volume", "Token-versus-reference price comparison from an independent price service", "Deterministic anomaly detection against stored observation baselines" ], "transformations": [ "UTC clock normalization", "Raw payload hashing for every source fetch" ], "comparisonWindow": "Stored observation history for this asset", "exclusions": [ "Sources that failed during collection are recorded, not imputed" ], "codeVersion": "metis-agent/0.2.0" }, "confidence": { "score": 0.82, "band": "high", "rationale": "Confidence is computed from source coverage, cross-venue agreement, baseline depth, and independent verification. This run scored 0.82 (high).", "factors": [ { "name": "source_coverage", "contribution": 0.24, "explanation": "3 independent sources fed this cycle." }, { "name": "cross_venue_agreement", "contribution": 0.08, "explanation": "Independent price sources agree within tolerance." }, { "name": "baseline_depth", "contribution": 0.08, "explanation": "24 prior observation(s) available as baseline." }, { "name": "verification_uncertainty", "contribution": -0.08, "explanation": "4 claim(s) could not be fully verified." } ] }, "impact": "informational", "limitations": [ "DEX transacted price of $327.25 shows a -4.6 bps discount versus reference, wider than the premium metric indicates", "24-hour volume declined 15% from early baseline peak of $617K, suggesting cooling trading interest", "Top five holder concentration at 43.15% remains elevated despite modest downward trend", "Limited supply change may reflect restricted minting/redemption functionality rather than organic market equilibrium", "Premium volatility within the observation window exceeded 100 bps total range, indicating material tracking risk during periods", "Largest-account concentration includes liquidity pools and custodial accounts; it is not a beneficial-owner distribution." ], "disclosures": [ "This is informational research produced by an automated system. It may contain errors, omissions, or delayed data.", "Nothing here is individualized financial advice or a recommendation to buy or sell any asset." ], "relatedResearchIds": [], "provenance": { "runId": "run_01KZVXJWS4DM4KQZXS", "agentVersion": "metis-agent/0.2.0", "modelRecords": [ { "provider": "openrouter.ai", "model": "moonshotai/kimi-k2-thinking", "purpose": "synthesis", "promptVersion": "chat-1", "completedAt": "2026-08-12T21:21:35.330Z" }, { "provider": "openrouter.ai", "model": "deepseek/deepseek-v4-flash", "purpose": "verification", "promptVersion": "chat-1", "completedAt": "2026-08-12T21:21:48.946Z" } ], "sourceSnapshotHash": "sha256:981a6469390d8317887641f8704b768af21a4182ade150b2543abac6b03a8973", "contentHash": "sha256:aaccc8734fce2c01296fcd07c76cd49180410beaff732e574c917ee26f538e8a" }, "publication": { "canonicalUrl": "https://metisagent.co/research/tslax-maintains-parity-with-tsla-as-liquidity-and-supply-show-stability-", "publishedAt": "2026-08-12T21:21:49.757Z", "updatedAt": "2026-08-12T21:21:49.757Z" }, "distribution": [] }, "meta": { "schemaVersion": "1.0", "generatedAt": "2026-08-12T23:07:20.269Z" }, "links": { "canonical": "https://metisagent.co/api/v1/research/metis_0101KZVXMP5X6T4534H5", "schema": "https://metisagent.co/api/v1/schema" } }