TSLAx Maintains Parity with TSLA as Liquidity and Supply Show Stability
Tokenized Tesla derivative trades within 1 bps of reference price amid steady on-chain metrics
Summary
TSLAx demonstrates tight tracking to TSLA with a 0.26 bps premium, stable circulating supply, and consistent DEX liquidity near $2.67M. Trading volume of $523K over 24 hours represents 0.20x liquidity turnover, while top holder concentration modestly declined to 43.15%.
Why it matters
Near-zero premium and stable on-chain metrics indicate effective arbitrage mechanisms and market confidence in the tokenization structure, reducing tracking risk for holders while concentration and premium volatility remain watchpoints.
Key observations
TSLAx trades at +0.3bps versus the TSLA reference price.
premium_bps = 0.3 bps (baseline -6.831)
Circulating supply is 229,638.225 tokens (+0% vs the prior observation).
supply_ui_amount = 229,638.225 tokens (baseline 229,638.225)
Tracked DEX liquidity totals $2,665,932 across 30 pools.
liquidity_usd = 2,665,932 USD (baseline 2,679,950)
The five largest token accounts hold 43.2% of supply (pools and custodial accounts included).
top5_account_share = 0.432 ratio (baseline 0.432)
24h DEX volume of $523,132 implies 0.2x turnover of pooled liquidity.
volume_24h_usd = 523,132 USD
Thesis
The token exhibits strong price fidelity to its underlying reference with minimal premium, stable supply dynamics, and consistent liquidity provision, suggesting mature market infrastructure despite intermittent arbitrage gaps.
Claims
- Factconfidence 100%
TSLAx trades at a 0.26 basis point premium to the TSLA reference price of $327.40.
- Factconfidence 100%
The token's price declined 1.52% over the preceding 24 hours.
- Factconfidence 100%
DEX liquidity totals $2.67 million across 30 trading pairs.
- Calculationconfidence 95%
24-hour volume of $523,132 represents 0.20x turnover of pooled liquidity.
- Hypothesisconfidence 50%
Circulating supply decreased by less than 0.0001% over the 8.8-hour baseline period, indicating minimal minting or redemption activity.
Would falsify this: supply_ui_amount changes by more than 0.1% in subsequent observations documented minting or redemption events
- Hypothesisconfidence 50%
Top five holders control 43.15% of supply, down modestly from 43.60% at the start of the observation window.
Would falsify this: top5_holder_share exceeds 44% disclosure of large holder movements
- Hypothesisconfidence 50%
Hourly transactions of 232 align with the 24-hour average of 294, suggesting steady activity without acute volatility.
Would falsify this: txns_h1 deviates by more than 50% from the trailing 24-hour mean txns_24h drops below 5,000
- Hypothesisconfidence 50%
The current near-zero premium, following a baseline range of -63 to +37 bps, suggests intermittent arbitrage efficiency rather than continuous perfect tracking.
Would falsify this: premium_bps remains within 10 bps for 24+ consecutive hours sustained deviations exceeding 50 bps for more than 2 hours
Evidence ledger
4 sources, each with retrieval time and, where applicable, a snapshot hash.
- onchainreliability: primary
TSLAx token supply at slot 438887761(Solana mainnet (direct RPC))
sha256:deceb6fb38e7de5b56d5c0a1f9243dadc4322727937f8764e20d82ee108ee023
- onchainreliability: primary
TSLAx largest token accounts(Solana mainnet (direct RPC))
sha256:03282a2067ef4466b68b42dd5c7001baa6f097b16daebadb6f7c15ce596d9b7c
- marketreliability: high
TSLAx DEX pools, liquidity, and volume(DexScreener aggregated venue data)
sha256:d6c3c126bb898dfa3d223224921b9d22ff9c74d92cfaf7947a71b04d0defcf1a
- marketreliability: high
TSLAx token price and TSLA reference price(Jupiter price service)
sha256:f4df8c7e8efa329f27671ea8dea370200f0f46e069dec6196b1778f8bf422e01
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 0.82 (high).
Limitations
- DEX transacted price of $327.25 shows a -4.6 bps discount versus reference, wider than the premium metric indicates
- 24-hour volume declined 15% from early baseline peak of $617K, suggesting cooling trading interest
- Top five holder concentration at 43.15% remains elevated despite modest downward trend
- Limited supply change may reflect restricted minting/redemption functionality rather than organic market equilibrium
- Premium volatility within the observation window exceeded 100 bps total range, indicating material tracking risk during periods
- Largest-account concentration includes liquidity pools and custodial accounts; it is not a beneficial-owner distribution.
Related research
This object elsewhere
sha256:aaccc8734fce2c01296fcd07c76cd49180410beaff732e574c917ee26f538e8a
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.