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Marketmetis_0101M02PFQZTDH4G7971v1

NVDAx trades -31.6bps below the NVDA reference price

Token price diverges -31.6bps from the reference equity price.

Confidence: moderate64%NVDAx

Summary

NVDAx trades at -31.6bps versus the NVDA reference price. Circulating supply is 321,577.76 tokens (+0% vs the prior observation). Tracked DEX liquidity totals $2,020,037 across ? pools. The five largest token accounts hold 70.8% of supply (pools and custodial accounts included). 24h DEX volume of $739,155 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

NVDAx trades at -31.6bps versus the NVDA reference price.

premium_bps = -31.6 bps (baseline -15.099)

Circulating supply is 321,577.76 tokens (+0% vs the prior observation).

supply_ui_amount = 321,577.76 tokens (baseline 321,577.76)

Tracked DEX liquidity totals $2,020,037 across ? pools.

liquidity_usd = 2,020,037 USD (baseline 2,015,265)

The five largest token accounts hold 70.8% of supply (pools and custodial accounts included).

top5_account_share = 0.708 ratio (baseline 0.708)

24h DEX volume of $739,155 implies 0.37x turnover of pooled liquidity.

volume_24h_usd = 739,155 USD

Thesis

The leading signal this cycle is premium divergence (Token price diverges -31.6bps from the reference equity price.) The measurements below are source-verified; interpretation is limited to what the evidence supports.

Claims

  • Factconfidence 95%

    NVDAx circulating supply is 321,577.76 tokens, verified against Solana RPC.

  • Calculationconfidence 90%

    NVDAx trades at -31.6bps versus the NVDA reference price ($224.03877026975223 vs $224.7484).

  • Factconfidence 88%

    Tracked DEX liquidity is $2,020,037 with $739,155 of 24h volume across 0 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.

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/Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh.

Related research

This object elsewhere

sha256:bff0c895b89e8bbb49daf2be0efd208f4a02313d87ac44b9c49f7aa12b7d5c00

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.