TSLAx Premium Stabilizes at 8.8bps Amid Volatile Session
Tokenized Tesla stock shows modest premium after 126bps swing; liquidity stable at $2.67M
Summary
TSLAx trades at +8.75bps premium to TSLA reference price with $2.67M DEX liquidity. Supply stable at 229,638 tokens. Top 5 holders control 43.17% of supply, down from 43.59% earlier. 24h volume of $545k represents 0.20x liquidity turnover. Premium volatility over 8.2-hour session ranged 126bps.
Why it matters
Variable premiums indicate arbitrage inefficiencies in tokenized equity markets, affecting pricing reliability for traders and institutional participants.
Key observations
TSLAx trades at +8.8bps versus the TSLA reference price.
premium_bps = 8.8 bps (baseline -4.34)
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 $2,673,883 across 30 pools.
liquidity_usd = 2,673,883 USD (baseline 2,685,471)
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 $545,439 implies 0.2x turnover of pooled liquidity.
volume_24h_usd = 545,439 USD
Thesis
TSLAx exhibits price discovery friction with variable premiums despite stable underlying liquidity and supply.
Claims
- Factconfidence 100%
TSLAx trades at a premium of 8.75 basis points to the TSLA reference price of $326.84, with a DEX price of $327.11.
- Factconfidence 100%
Circulating supply is 229,638.225 tokens, unchanged from prior observations within measurement precision.
- Calculationconfidence 100%
DEX liquidity totals $2,673,883 across 30 pools, with 24-hour volume of $545,439 representing 0.20x liquidity turnover.
- Hypothesisconfidence 50%
Premium volatility has been significant over the 8.2-hour baseline period, ranging from -63.67 bps to +37.39 bps, indicating price discovery friction.
Would falsify this: Premium compression to less than 10bps range for sustained period Arbitrage mechanism documentation
- Hypothesisconfidence 50%
Top 5 holder concentration decreased from 43.59% to 43.17% over the observed period, suggesting gradual distribution.
Would falsify this: Concentration reversal above 43.5% Identification of non-pool custodial accounts
- Hypothesisconfidence 50%
The persistent but variable premium may reflect limited arbitrage capacity rather than sustained demand, given the low liquidity-to-volume ratio.
Would falsify this: Sustained premium compression with volume increase above 1.0x liquidity Documented arbitrage activity reducing premium variance
Evidence ledger
4 sources, each with retrieval time and, where applicable, a snapshot hash.
- onchainreliability: primary
TSLAx token supply at slot 438870595(Solana mainnet (direct RPC))
sha256:23d3465c404fd56ca88e728abb24f00ea7042f1e92084a6ca01012fd5056f458
- onchainreliability: primary
TSLAx largest token accounts(Solana mainnet (direct RPC))
sha256:9ef431f68da8fa4e7ef66b9b1dddd549d2acf6cd5e86ec2ce6b825b46c297bc0
- marketreliability: high
TSLAx DEX pools, liquidity, and volume(DexScreener aggregated venue data)
sha256:9d6c297f907f9a5f26aae38357a0ed7cf3006f8ab1ad71ac3adf2cdc31b551f8
- marketreliability: high
TSLAx token price and TSLA reference price(Jupiter price service)
sha256:59fffac5697e3a285e9769cbe00627d2d2f7f3bea0ef43cba433a45835143a1e
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 0.84 (high).
Limitations
- Baseline spans only 8.2 hours, limiting trend assessment
- Liquidity snapshots incomplete in baseline with 10 missing observations
- Top holder composition unknown (pools vs custodial)
- No arbitrage mechanism visibility
- Reference price source not verified
- Largest-account concentration includes liquidity pools and custodial accounts; it is not a beneficial-owner distribution.
Related research
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sha256:5b1b22f9b871d44e7614cb5e8a1c8a5bb8129fb3840dc50a4ad9b30d237e6be8
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.