Valuation frameworks for crypto assets

SPX Valuation

SPX6900 inherits the Memes & Culture model set.

Static methodology preview. Live data pipeline planned. Not investment advice.

SPX Culture Assets Static methodology preview

SPX6900

Market cap: data pipeline not connected

Composite model-implied value

$35.4B Valuation gap -23%

Model Cards

The asset page uses the model set assigned to its asset class.

Liquidity durability

Liquidity Persistence

Measures whether liquidity survives beyond attention spikes.

Model-implied value method Scores persistent liquidity and maps it to relative basket value.

Core inputs

depthvolume durabilityexchange breadth

Liquidity is a condition for valuation work, not proof of value.

Supply concentration

Holder Distribution

Evaluates holder concentration and float fragility.

Model-implied value method Applies concentration adjustments to relative valuation.

Core inputs

holder counttop-holder sharefloat

Wallet-level data can misclassify custody and exchange balances.

Attention

Attention Momentum

Uses attention proxies as a cultural demand variable.

Model-implied value method Maps attention scores to relative basket scenarios.

Core inputs

attention scoresearch interestsocial persistence

Attention can reverse quickly and is not fundamental evidence.

Comparable basket

Relative Meme Basket

Compares the asset to a basket of similar culture-linked assets.

Model-implied value method Uses relative size, liquidity, and persistence within a meme basket.

Core inputs

basket valuerelative liquidityholder persistence

Comparable baskets can compress during risk-off regimes.

Cycle exposure

Cycle Sensitivity

Measures sensitivity to broad crypto liquidity cycles.

Model-implied value method Applies a cycle beta to relative valuation scenarios.

Core inputs

cycle betaliquidity regimeattention score

Cycle metrics are descriptive, not predictive.

Fundamentals Panel

Current fundamental fields are static methodology categories, not live data.

Data completeness 34/100

Method confidence 26/100

Tokenholder capture Weak

Fundamental evidence score 31/100

liquidity persistenceholder distributionattention durability

Method Rating Panel

Confidence scores are class-level method ratings, not asset guidance.

Low confidence

38/100

Liquidity persistence

Liquidity and holder persistence matter more than narrative intensity.

Low confidence

34/100

Attention durability

Attention metrics are useful for scenario sensitivity, not fundamental evidence.

Scenario Simulator

A local assumption shell for scenario sensitivity.

Scenario sensitivity

Culture asset scenario

Model-implied FDV $8.0B

liquidity score 52 holder concentration 45 attention score 60 cycle beta x 1.6 persistence score 38

Static methodology preview. Changes here recompute a local scenario number only.

Source Trail

Planned data sources for the valuation architecture.

CoinGecko

price, market cap, FDV, supply, and volume

Source

DefiLlama

TVL, fees, revenue, and DeFi volumes

Source

Coin Metrics

BTC-style realized cap, MVRV, and network metrics

Source

Dune or manual source trails

custom on-chain datasets and methodology notes

Source

Static methodology preview. Live data pipeline planned. Not investment advice. The displayed model-implied value is an architecture test for assumption-led valuation.