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Marketmetis_0101M02G61V8DM0H1GQ5v1

QQQx trades -27.6bps below the QQQ reference price

Token price diverges -27.6bps from the reference equity price.

Confidence: moderate64%QQQx

Summary

QQQx trades at -27.6bps versus the QQQ reference price. Circulating supply is 84,591.94 tokens (+0% vs the prior observation). Tracked DEX liquidity totals $2,270,234 across ? pools. The five largest token accounts hold 81.2% of supply (pools and custodial accounts included). 24h DEX volume of $309,094 implies 0.14x 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

QQQx trades at -27.6bps versus the QQQ reference price.

premium_bps = -27.6 bps (baseline -16.838)

Circulating supply is 84,591.94 tokens (+0% vs the prior observation).

supply_ui_amount = 84,591.94 tokens (baseline 84,591.94)

Tracked DEX liquidity totals $2,270,234 across ? pools.

liquidity_usd = 2,270,234 USD (baseline 2,273,399)

The five largest token accounts hold 81.2% of supply (pools and custodial accounts included).

top5_account_share = 0.812 ratio (baseline 0.812)

24h DEX volume of $309,094 implies 0.14x turnover of pooled liquidity.

volume_24h_usd = 309,094 USD

Thesis

The leading signal this cycle is premium divergence (Token price diverges -27.6bps from the reference equity price.) The measurements below are source-verified; interpretation is limited to what the evidence supports.

Claims

  • Factconfidence 95%

    QQQx circulating supply is 84,591.94 tokens, verified against Solana RPC.

  • Calculationconfidence 90%

    QQQx trades at -27.6bps versus the QQQ reference price ($728.8347031904901 vs $730.85).

  • Factconfidence 88%

    Tracked DEX liquidity is $2,270,234 with $309,094 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/Xs8S1uUs1zvS2p7iwtsG3b6fkhpvmwz4GYU3gWAmWHZ.

Related research

This object elsewhere

sha256:9d7391724875870c0bbaefc2461b084bb5f84ed0e3051a08746cbc80d6c3c13f

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.