{"query":{"project":"pondex","mode":"browse","limit":50},"items":[{"id":"state:6e4bbb93-95fd-4168-9813-b8d4677e4ac7:market_status:32669","revision":1,"op":"upsert","type":"market.status_changed","domain":"market","origin":"live","project":{"slug":"pondex","name":"PonDex 家族","url":"https://heyresearch.xyz/project/pondex"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-16T14:08:12.343Z","recordedAt":"2026-10-16T14:10:02.513Z","summary":"Token market moved from Trading inactive to Low liquidity","before":"TRADING_INACTIVE","after":"LOW_LIQUIDITY","evidence":[{"id":"state:6e4bbb93-95fd-4168-9813-b8d4677e4ac7:market_status:32669","label":"HEY state 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inactive","before":"ACTIVE_MARKET","after":"TRADING_INACTIVE","evidence":[{"id":"state:6e4bbb93-95fd-4168-9813-b8d4677e4ac7:market_status:17149","label":"HEY state record"}],"source":"hey_state","facts":{"key":"market_status","scoringVersion":"hbm-v24"},"links":{"project":"https://heyresearch.xyz/project/pondex","evidence":"https://heyresearch.xyz/api/evidence/state%3A6e4bbb93-95fd-4168-9813-b8d4677e4ac7%3Amarket_status%3A17149","timeline":"https://heyresearch.xyz/api/projects/pondex/timeline"}},{"id":"state:6e4bbb93-95fd-4168-9813-b8d4677e4ac7:market_status:24","revision":1,"op":"upsert","type":"market.status_changed","domain":"market","origin":"live","project":{"slug":"pondex","name":"PonDex 家族","url":"https://heyresearch.xyz/project/pondex"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-09-26T12:10:42.821Z","recordedAt":"2026-09-26T12:15:02.871Z","summary":"Token market moved from Trading inactive to Active market","before":"TRADING_INACTIVE","after":"ACTIVE_MARKET","evidence":[{"id":"state:6e4bbb93-95fd-4168-9813-b8d4677e4ac7:market_status:24","label":"HEY state record"}],"source":"hey_state","facts":{"key":"market_status","scoringVersion":"hbm-v15"},"links":{"project":"https://heyresearch.xyz/project/pondex","evidence":"https://heyresearch.xyz/api/evidence/state%3A6e4bbb93-95fd-4168-9813-b8d4677e4ac7%3Amarket_status%3A24","timeline":"https://heyresearch.xyz/api/projects/pondex/timeline"}},{"id":"integrity:9f166e19-b2bb-4051-b043-da12a937fd3e:activity:2026-09-15","revision":3,"op":"upsert","type":"market_integrity.event","domain":"market_integrity","origin":"backfill","project":{"slug":"pondex","name":"PonDex 家族","url":"https://heyresearch.xyz/project/pondex"},"token":{"chainId":4663,"address":"0xb6ef9e84d9441bbdad6330d8d3e8093320fc8bcf"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-09-24T21:29:05.992Z","recordedAt":"2026-10-30T01:20:04.372Z","summary":"Trading fell from 1,522 trades a day (the seven days to 2026-09-15) to 7.5 a day in the seven days to 2026-09-26, in HEY's decoded on-chain trades.","evidence":[{"id":"integrity:9f166e19-b2bb-4051-b043-da12a937fd3e:activity:2026-09-15","label":"HEY market index"}],"source":"hey_market_index","facts":{"kind":"MARKET_ACTIVITY_COLLAPSE","changePct":-99.51,"confidence":"medium","peakWeekEnd":"2026-09-15","recentWeekEnd":"2026-09-26","peakTradesPerDay":1522.3,"recentTradesPerDay":7.5},"links":{"project":"https://heyresearch.xyz/project/pondex","evidence":"https://heyresearch.xyz/api/evidence/integrity%3A9f166e19-b2bb-4051-b043-da12a937fd3e%3Aactivity%3A2026-09-15","timeline":"https://heyresearch.xyz/api/projects/pondex/timeline"}},{"id":"signal:cabc0be7-911b-41e7-b4e2-ca09730e2719","revision":1,"op":"upsert","type":"market.distribution_changed","domain":"market","origin":"bootstrap","project":{"slug":"pondex","name":"PonDex 家族","url":"https://heyresearch.xyz/project/pondex"},"occurredAt":"2026-09-22T01:12:18.339Z","precision":"WINDOW","detectedAt":"2026-09-22T01:12:20.393Z","recordedAt":"2026-09-26T11:36:17.036Z","summary":"Outside pools and burns, 8 addresses now hold half the supply","before":14,"after":8,"evidence":[{"id":"signal:cabc0be7-911b-41e7-b4e2-ca09730e2719","label":"HEY Signal"},{"id":"signal:cabc0be7-911b-41e7-b4e2-ca09730e2719","url":"https://heyresearch.xyz/project/pondex","label":"Distribution"}],"source":"hey_signal","facts":{"kind":"concentration_rose","unit":"addresses","detail":"Down from 14. The count and the supply it is measured against both exclude pools, lockers and burn addresses."},"links":{"project":"https://heyresearch.xyz/project/pondex","evidence":"https://heyresearch.xyz/api/evidence/signal%3Acabc0be7-911b-41e7-b4e2-ca09730e2719","timeline":"https://heyresearch.xyz/api/projects/pondex/timeline"}},{"id":"signal:b96b9e5d-0101-4d2d-b01d-ddf5dfaef3b4","revision":2,"op":"retract","recordedAt":"2026-10-17T21:50:02.799Z"},{"id":"signal:246c2d90-4190-4822-831e-dfc620dc45f4","revision":1,"op":"upsert","type":"market.status_changed","domain":"market","origin":"bootstrap","project":{"slug":"pondex","name":"PonDex 家族","url":"https://heyresearch.xyz/project/pondex"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-09-15T04:14:02.477Z","recordedAt":"2026-09-26T11:36:17.036Z","summary":"Trading again","evidence":[{"id":"signal:246c2d90-4190-4822-831e-dfc620dc45f4","label":"HEY Signal"},{"id":"signal:246c2d90-4190-4822-831e-dfc620dc45f4","url":"https://heyresearch.xyz/project/pondex-b6ef9e","label":"Project page"}],"source":"hey_signal","facts":{"kind":"market_active","unit":"market_status","detail":"Market status moved from insufficient data to an active market: trades in the last day."},"links":{"project":"https://heyresearch.xyz/project/pondex","evidence":"https://heyresearch.xyz/api/evidence/signal%3A246c2d90-4190-4822-831e-dfc620dc45f4","timeline":"https://heyresearch.xyz/api/projects/pondex/timeline"}},{"id":"narrative:6e4bbb93-95fd-4168-9813-b8d4677e4ac7:dex","revision":2,"op":"upsert","type":"research.narrative_assigned","domain":"research","origin":"bootstrap","project":{"slug":"pondex","name":"PonDex 家族","url":"https://heyresearch.xyz/project/pondex"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-09-15T01:40:47.235Z","recordedAt":"2026-09-30T07:30:01.800Z","summary":"Primary narrative: DEX","evidence":[{"id":"narrative:6e4bbb93-95fd-4168-9813-b8d4677e4ac7:dex","url":"https://heyresearch.xyz/narrative/dex","label":"Narrative"}],"source":"hey_rules","facts":{"primary":true,"narrative":"dex"},"links":{"project":"https://heyresearch.xyz/project/pondex","evidence":"https://heyresearch.xyz/api/evidence/narrative%3A6e4bbb93-95fd-4168-9813-b8d4677e4ac7%3Adex","timeline":"https://heyresearch.xyz/api/projects/pondex/timeline"}}],"nextCursor":null,"hasMore":false,"ledger":{"collectionStart":"2026-09-26T11:35:57.227Z","transitionsFrom":"2026-09-26T11:32:48.791Z","newestRecordedAt":"2026-11-02T14:30:02.837Z","projectorRanAt":"2026-11-02T14:30:02.837Z"},"disclaimer":"Public, source-backed activity HEY recorded. Still Building means counted ships during a market drawdown HEY itself tracked — it is not a prediction, not a ranking by price, and not investment advice. Few projects meet Still Building or Under the Radar at any time; both are strict by design, and list responses carry the counts."}