{"query":{"project":"torch-3bc7c8","mode":"browse","limit":50},"items":[{"id":"signal:00659bb3-7888-479b-bbee-1f878c75145c","revision":1,"op":"upsert","type":"market.distribution_changed","domain":"market","origin":"live","project":{"slug":"torch-3bc7c8","name":"Torch","url":"https://heyresearch.xyz/project/torch-3bc7c8"},"occurredAt":"2026-11-01T01:12:27.260Z","precision":"WINDOW","detectedAt":"2026-11-01T01:12:31.015Z","recordedAt":"2026-11-01T01:15:02.437Z","summary":"Outside pools, lockers and burns, 9 addresses now hold half of the remaining supply","before":14,"after":9,"evidence":[{"id":"signal:00659bb3-7888-479b-bbee-1f878c75145c","label":"HEY Signal"},{"id":"signal:00659bb3-7888-479b-bbee-1f878c75145c","url":"https://heyresearch.xyz/project/torch-3bc7c8","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/torch-3bc7c8","evidence":"https://heyresearch.xyz/api/evidence/signal%3A00659bb3-7888-479b-bbee-1f878c75145c","timeline":"https://heyresearch.xyz/api/projects/torch-3bc7c8/timeline"}},{"id":"state:b35e24ba-98e2-4def-af13-426eaecf3171:catalog_status:38736","revision":1,"op":"upsert","type":"research.published","domain":"research","origin":"live","project":{"slug":"torch-3bc7c8","name":"Torch","url":"https://heyresearch.xyz/project/torch-3bc7c8"},"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-10-28T02:12:58.363Z","recordedAt":"2026-10-28T02:15:03.418Z","summary":"Project page published","before":null,"after":"QUALIFIED","evidence":[{"id":"state:b35e24ba-98e2-4def-af13-426eaecf3171:catalog_status:38736","label":"HEY state record"}],"source":"hey_state","facts":{"key":"catalog_status","scoringVersion":"hbm-v32"},"links":{"project":"https://heyresearch.xyz/project/torch-3bc7c8","evidence":"https://heyresearch.xyz/api/evidence/state%3Ab35e24ba-98e2-4def-af13-426eaecf3171%3Acatalog_status%3A38736","timeline":"https://heyresearch.xyz/api/projects/torch-3bc7c8/timeline"}}],"nextCursor":null,"hasMore":false,"ledger":{"collectionStart":"2026-09-26T11:35:57.227Z","transitionsFrom":"2026-09-26T11:32:48.791Z","newestRecordedAt":"2026-11-01T03:40:03.672Z","projectorRanAt":"2026-11-01T03:40:03.672Z"},"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."}