Midnight
Research notes
The dilution overhang of 44.5 percent represents the share of the maximum supply not yet in circulation, so observing how and when that remaining supply enters the market would be informative about the pace at which circulating supply expands. The ratio of current price to the 200-day moving average sits at 0.539, meaning the current price is roughly half that average, and watching whether this ratio converges or diverges over time reflects how present price relates to the longer-term trend. The annualized downside deviation of 128.5 over the trailing 90 days indicates the degree of volatility on the negative side, and tracking changes in this figure would reveal whether price swings are becoming more or less pronounced. Developer activity metrics — commits, stars, forks, and pull-request contributors — are all recorded as zero for the periods shown, so any change from zero in those figures would be a concrete signal of growing or newly tracked open-source activity around the protocol.
Written by an AI language model from the figures listed below, on 15 Oct 2026 09:27 UTC.
