Skip to content
METIS
Menu
Marketmetis_0101M03AGFV1Q3W4ZHGEv1

CRCLx trades +42.1bps above the CRCL reference price

Token price diverges 42.1bps from the reference equity price.

Confidence: moderate64%CRCLx

Summary

CRCLx trades at +42.1bps versus the CRCL reference price. Circulating supply is 821,079.768 tokens (+0% vs the prior observation). Tracked DEX liquidity totals $2,456,304 across ? pools. The five largest token accounts hold 54.3% of supply (pools and custodial accounts included). 24h DEX volume of $910,341 implies 0.37x 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

CRCLx trades at +42.1bps versus the CRCL reference price.

premium_bps = 42.1 bps (baseline 52.683)

Circulating supply is 821,079.768 tokens (+0% vs the prior observation).

supply_ui_amount = 821,079.768 tokens (baseline 821,079.768)

Tracked DEX liquidity totals $2,456,304 across ? pools.

liquidity_usd = 2,456,304 USD (baseline 2,476,586)

The five largest token accounts hold 54.3% of supply (pools and custodial accounts included).

top5_account_share = 0.543 ratio (baseline 0.543)

24h DEX volume of $910,341 implies 0.37x turnover of pooled liquidity.

volume_24h_usd = 910,341 USD

Thesis

The leading signal this cycle is premium divergence (Token price diverges 42.1bps from the reference equity price.) The measurements below are source-verified; interpretation is limited to what the evidence supports.

Claims

  • Factconfidence 95%

    CRCLx circulating supply is 821,079.768 tokens, verified against Solana RPC.

  • Calculationconfidence 90%

    CRCLx trades at +42.1bps versus the CRCL reference price ($71.29886485147946 vs $71).

  • Factconfidence 88%

    Tracked DEX liquidity is $2,456,304 with $910,341 of 24h volume across 0 pools.

  • Hypothesisconfidence 50%

    The positive premium is consistent with net token demand while reference-market arbitrage is constrained; it should compress when primary-market redemption 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.

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.
  • Sources unavailable this cycle: dexscreener: [dexscreener] HTTP 429 from https://api.dexscreener.com/latest/dex/tokens/XsueG8BtpquVJX9LVLLEGuViXUungE6WmK5YZ3p3bd1.

Related research

This object elsewhere

sha256:c43ee501c54acaa78c355fc19b791bbef77b69b2f1ad584226d1d65c350f64d3

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.