GOOGLx trades +194.5bps above the GOOGL reference price
Token price diverges 194.5bps from the reference equity price.
Summary
GOOGLx trades at +194.5bps versus the GOOGL reference price. Circulating supply is 160,717.134 tokens (+0% vs the prior observation). Tracked DEX liquidity totals $395,005 across 19 pools. The five largest token accounts hold 68.9% of supply (pools and custodial accounts included). 24h DEX volume of $8,555 implies 0.02x 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
GOOGLx trades at +194.5bps versus the GOOGL reference price.
premium_bps = 194.5 bps (baseline -34.327)
Circulating supply is 160,717.134 tokens (+0% vs the prior observation).
supply_ui_amount = 160,717.134 tokens (baseline 160,717.134)
Tracked DEX liquidity totals $395,005 across 19 pools.
liquidity_usd = 395,005 USD (baseline 392,535)
The five largest token accounts hold 68.9% of supply (pools and custodial accounts included).
top5_account_share = 0.689 ratio (baseline 0.689)
24h DEX volume of $8,555 implies 0.02x turnover of pooled liquidity.
volume_24h_usd = 8,555 USD
Thesis
The leading signal this cycle is premium divergence (Token price diverges 194.5bps from the reference equity price.) The measurements below are source-verified; interpretation is limited to what the evidence supports.
Claims
- Factconfidence 95%
GOOGLx circulating supply is 160,717.134 tokens, verified against Solana RPC.
- Calculationconfidence 90%
GOOGLx trades at +194.5bps versus the GOOGL reference price ($354.1476153096822 vs $347.39).
- Factconfidence 88%
Tracked DEX liquidity is $395,005 with $8,555 of 24h volume across 19 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.
- onchainreliability: primary
GOOGLx token supply at slot 439625840(Solana mainnet (direct RPC))
sha256:c7229437c585040136514303d889f73021eb40d4081e4551cb224ec3c066894c
- onchainreliability: primary
GOOGLx largest token accounts(Solana mainnet (direct RPC))
sha256:ee7cfc9c87dabe6f033e35bc14c65f181d97819ca044dd498741f3809dd95de8
- marketreliability: high
GOOGLx DEX pools, liquidity, and volume(DexScreener aggregated venue data)
sha256:7cba5555dd4d404e5cf3f285b00e9ccda965370283e4f2e51fbbb4517d2a4287
- marketreliability: high
GOOGLx token price and GOOGL reference price(Jupiter price service)
sha256:e8a5e82ae5151a1c477daa18b05fb6e39cf6fa8bcf6a8ada2f5fd6899e029215
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
sha256:498f45a083cbd23528ec736fc00b16723881c2b1949b770872c0e3ef98376e07
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.