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Marketmetis_0101M04XZ8SH7AAZWSZPv1

SPCXx trades -36.1bps below the SPCX reference price

Token price diverges -36.1bps from the reference equity price.

Confidence: high88%SPCXx

Summary

SPCXx trades at -36.1bps versus the SPCX reference price. Circulating supply is 559,998.355 tokens (+0% vs the prior observation). Tracked DEX liquidity totals $1,270,482 across 30 pools. The five largest token accounts hold 85.6% of supply (pools and custodial accounts included). 24h DEX volume of $197,812 implies 0.16x 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

SPCXx trades at -36.1bps versus the SPCX reference price.

premium_bps = -36.1 bps (baseline -83.096)

Circulating supply is 559,998.355 tokens (+0% vs the prior observation).

supply_ui_amount = 559,998.355 tokens (baseline 559,998.355)

Tracked DEX liquidity totals $1,270,482 across 30 pools.

liquidity_usd = 1,270,482 USD (baseline 1,276,650)

The five largest token accounts hold 85.6% of supply (pools and custodial accounts included).

top5_account_share = 0.856 ratio (baseline 0.856)

24h DEX volume of $197,812 implies 0.16x turnover of pooled liquidity.

volume_24h_usd = 197,812 USD

Thesis

The leading signal this cycle is premium divergence (Token price diverges -36.1bps from the reference equity price.) The measurements below are source-verified; interpretation is limited to what the evidence supports.

Claims

  • Factconfidence 95%

    SPCXx circulating supply is 559,998.355 tokens, verified against Solana RPC.

  • Calculationconfidence 90%

    SPCXx trades at -36.1bps versus the SPCX reference price ($140.05412253850685 vs $140.5615).

  • Factconfidence 88%

    Tracked DEX liquidity is $1,270,482 with $197,812 of 24h volume across 30 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

    SPCXx token supply at slot 439614313(Solana mainnet (direct RPC))

    sha256:65f1b4e834a5d1d037466b20330559e6992de3d085f3080b7f11f83a8e455fce

  • onchainreliability: primary

    SPCXx largest token accounts(Solana mainnet (direct RPC))

    sha256:5864cca3c749ca381e69722a885cfe81d767547e368aa3f245ba6bda013dba43

  • marketreliability: high

    SPCXx DEX pools, liquidity, and volume(DexScreener aggregated venue data)

    sha256:a816a222d207b39c48f6ecafad7e3ad750650a7723f87bd9b565209f0979218f

  • marketreliability: high

    SPCXx token price and SPCX reference price(Jupiter price service)

    sha256:df3d58901285eb54d3a2cf47ea146eeff6933a38e8427141dc8a83b01329fa1c

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 0.88 (high).

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

sha256:34731d2819259b8743aa84e152c8b922da243d88e63d828f8915a6eca1db52c9

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.