COINx trades -46bps below the COIN reference price
Token price diverges -46bps from the reference equity price.
Summary
COINx trades at -46bps versus the COIN reference price. Circulating supply is 136,179.723 tokens (+0% vs the prior observation). Tracked DEX liquidity totals $1,038,345 across 23 pools. The five largest token accounts hold 79.1% of supply (pools and custodial accounts included). 24h DEX volume of $77,937 implies 0.08x turnover of pooled liquidity.
Why it matters
Tokenized equities trade continuously while their reference markets do not. Divergence, liquidity, and activity shifts quantify what that continuous access costs or earns.
Key observations
COINx trades at -46bps versus the COIN reference price.
premium_bps = -46 bps (baseline -12.506)
Circulating supply is 136,179.723 tokens (+0% vs the prior observation).
supply_ui_amount = 136,179.723 tokens (baseline 136,179.723)
Tracked DEX liquidity totals $1,038,345 across 23 pools.
liquidity_usd = 1,038,345 USD (baseline 1,038,620)
The five largest token accounts hold 79.1% of supply (pools and custodial accounts included).
top5_account_share = 0.791 ratio (baseline 0.791)
24h DEX volume of $77,937 implies 0.08x turnover of pooled liquidity.
volume_24h_usd = 77,937 USD
Thesis
The leading signal this cycle is premium divergence (Token price diverges -46bps from the reference equity price.) The measurements below are source-verified; interpretation is limited to what the evidence supports.
Claims
- Factconfidence 95%
COINx circulating supply is 136,179.723 tokens, verified against Solana RPC.
- Calculationconfidence 90%
COINx trades at -46bps versus the COIN reference price ($148.19470180639715 vs $148.88).
- Factconfidence 88%
Tracked DEX liquidity is $1,038,345 with $77,937 of 24h volume across 23 pools.
- Hypothesisconfidence 50%
The discount is consistent with net token selling pressure while reference-market arbitrage is constrained; it should close when primary-market creation is active.
Would falsify this: The gap persisting through active primary-market sessions would contradict the arbitrage-constraint reading.
Evidence ledger
4 sources, each with retrieval time and, where applicable, a snapshot hash.
- onchainreliability: primary
COINx token supply at slot 439625853(Solana mainnet (direct RPC))
sha256:0459f4204da4c78e755099830ca270971659ea3e3fe83f34d86ede1b764c05e9
- onchainreliability: primary
COINx largest token accounts(Solana mainnet (direct RPC))
sha256:32dff50788da6ab69c50bf796b2adae148a9f739573595193c01f3795b7085dc
- marketreliability: high
COINx DEX pools, liquidity, and volume(DexScreener aggregated venue data)
sha256:e5549b85aee3b9a14d686394e9359516c8a5e7ee45b2ef16528cbc1946aba367
- marketreliability: high
COINx token price and COIN reference price(Jupiter price service)
sha256:2e88bcdda3bd2390073df36df4d4c2f4b908a355b95cd3d4331c04a79ecc1bab
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
Exclusions and transformations
- UTC clock normalization
- Raw payload hashing for every source fetch
- Sources that failed during collection are recorded, not imputed
Comparison window: Stored observation history for this asset
Confidence rationale
Confidence is computed from source coverage, cross-venue agreement, baseline depth, and independent verification. This run scored 0.64 (moderate).
Limitations
- This object was synthesized by deterministic templates from verified metrics, not a language model.
- Reference prices republished by the price service may lag the primary market.
- Largest-account concentration includes liquidity pools and custodial accounts; it is not a beneficial-owner distribution.
Related research
This object elsewhere
sha256:af85ad9dbab47a92d04bd0b7b278c6232576ea3c1011110d21bf18b851982526
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.