TSLAx Premium Rebounds to +18.5 bps as Liquidity Holds Steady at $2.67M
The tokenized Tesla asset shows volatile intraday premium swings while maintaining stable liquidity and gradual holder distribution
Summary
TSLAx trades at an 18.45 basis point premium to TSLA after recovering from negative territory earlier in the day. Liquidity remains stable at $2.67M across 30 pools, though 24-hour volume of $566,631 represents modest 0.21x turnover. Top five holder concentration declined from 43.6% to 43.2% over 7.8 hours.
Why it matters
Premium volatility indicates potential arbitrage opportunities and market inefficiencies, while stable liquidity and decreasing holder concentration suggest improving market structure for this tokenized equity proxy.
Key observations
TSLAx trades at +18.5bps versus the TSLA reference price.
premium_bps = 18.5 bps (baseline -4.335)
Circulating supply is 229,638.248 tokens (+0% vs the prior observation).
supply_ui_amount = 229,638.248 tokens (baseline 229,638.248)
Tracked DEX liquidity totals $2,670,324 across 30 pools.
liquidity_usd = 2,670,324 USD (baseline 2,689,580)
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 $566,631 implies 0.21x turnover of pooled liquidity.
volume_24h_usd = 566,631 USD
Thesis
TSLAx demonstrates intraday premium volatility with a current positive bias, stable liquidity infrastructure, and gradual holder distribution despite a negative 24-hour price performance.
Claims
- Factconfidence 100%
TSLAx trades at a premium of 18.452783778036757 basis points to the TSLA reference price.
- Factconfidence 100%
The token's 24-hour price change is -1.5711677996697921 percent.
- Calculationconfidence 100%
Pooled liquidity across 30 DEX pairs totals $2,670,324.250000001, with 24-hour volume of $566,631.17 implying a 0.212x liquidity turnover ratio.
- Hypothesisconfidence 50%
The top five holders control 43.165551214900605 percent of supply, down from 43.58647617821225 percent at the baseline period start.
Would falsify this: top5_holder_share increases above 44% top5_holder_share decreases below 42%
- Hypothesisconfidence 50%
The premium oscillated between -63.67319937343921 and +37.38625661350442 basis points during the 7.8-hour baseline, with current +18.452783778036757 bps representing recovery from negative territory.
Would falsify this: premium_bps remains negative for 4+ consecutive hours premium_bps exceeds +50 bps
- Hypothesisconfidence 50%
Hourly transactions of 147 are below the baseline maximum of 1204, indicating relatively low current activity.
Would falsify this: txns_h1 exceeds 500 txns_h1 drops below 100
- Hypothesisconfidence 50%
Negative 24-hour price change despite positive premium suggests TSLA reference price appreciation outpaced TSLAx token recovery.
Would falsify this: token_price_usd increases faster than reference_price_usd price_change_24h_pct turns positive
- Factconfidence 100%
Circulating supply remained at 229,638.24777936 tokens with variation under 0.001 tokens across the 7.8-hour baseline.
Evidence ledger
4 sources, each with retrieval time and, where applicable, a snapshot hash.
- onchainreliability: primary
TSLAx token supply at slot 438862034(Solana mainnet (direct RPC))
sha256:d7d5b105a673e4bd50f06fbf8cad17d6c4774f10e50f3c8405300916592073c4
- onchainreliability: primary
TSLAx largest token accounts(Solana mainnet (direct RPC))
sha256:65ca1f69a72e79422913068396aa7ab3e806879d067731dcf03cdf45b79e4ba4
- marketreliability: high
TSLAx DEX pools, liquidity, and volume(DexScreener aggregated venue data)
sha256:1b8baae80af4aa3cfb2c78e7c5cb55dc8e44f8fd49a66b511e38de3187ed2475
- marketreliability: high
TSLAx token price and TSLA reference price(Jupiter price service)
sha256:b6f2f8121bfc07f9e2f0eaf40a3eb3cbe0b015735190d6f5c28ff2e3238e25a4
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
- Limited baseline data for pair_count and txns_24h prevents trend analysis for these metrics
- 24-hour volume snapshot may not capture full trading day given the 7.8-hour observation window
- Top holder composition (pools versus custodial accounts) is not distinguished in concentration metric
- Reference price source, update frequency, and methodology are not specified
- No data on market maker activity, arbitrage mechanisms, or fee structures
- Largest-account concentration includes liquidity pools and custodial accounts; it is not a beneficial-owner distribution.
Related research
This object elsewhere
sha256:6a5b68d40ef50fe73efdbd445c9b3c2cf46a0cf28167f1d5d11b68899f2fc335
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.