{
  "slug": "2026-10-10-c729777d04-risk-score-ea88d2cba8f8",
  "title": "SAPIEN risk score falls by 25 points",
  "changes": [
    {
      "why": "The canonical screening output changed. This describes Jepeta policy output, not proof of fraud or a safety guarantee.",
      "type": "risk_score",
      "what": "Jepeta risk score changed from 55 to 30 (HIGH to MEDIUM).",
      "after": {
        "level": "MEDIUM",
        "score": 30,
        "explanation": "Risk Engine v3 observed one or more configured warning conditions.",
        "reason_codes": [
          "TOP10_CONCENTRATION_HIGH"
        ]
      },
      "before": {
        "level": "HIGH",
        "score": 55,
        "explanation": "Risk Engine v3 observed one or more configured warning conditions.",
        "reason_codes": [
          "LIQUIDITY_HIGH",
          "TOP10_CONCENTRATION_HIGH"
        ]
      },
      "signal": "jepeta.risk",
      "insight_key": "da29778a558e7ef96e86f9575b75695bfb7fe351188c35db2a6e862f94675ff3",
      "verification": {
        "rule": "canonical_engine_output",
        "evidence": [
          {
            "value": {
              "level": "HIGH",
              "score": 55,
              "explanation": "Risk Engine v3 observed one or more configured warning conditions.",
              "reason_codes": [
                "LIQUIDITY_HIGH",
                "TOP10_CONCENTRATION_HIGH"
              ]
            },
            "signal": "jepeta.risk",
            "source": {
              "id": "jepeta",
              "url": "https://jepeta.dev/methodology.json",
              "kind": "deterministic"
            },
            "status": "OBSERVED",
            "reference": "3.0.0-shadow.3/2.1.1",
            "observed_at": "2026-10-09T20:10:12.718Z"
          },
          {
            "value": {
              "level": "MEDIUM",
              "score": 30,
              "explanation": "Risk Engine v3 observed one or more configured warning conditions.",
              "reason_codes": [
                "TOP10_CONCENTRATION_HIGH"
              ]
            },
            "signal": "jepeta.risk",
            "source": {
              "id": "jepeta",
              "url": "https://jepeta.dev/methodology.json",
              "kind": "deterministic"
            },
            "status": "OBSERVED",
            "reference": "3.0.0-shadow.3/2.1.1",
            "observed_at": "2026-10-10T01:14:23.613Z"
          }
        ],
        "verified": true,
        "confidence": "HIGH"
      },
      "after_observed_at": "2026-10-10T01:14:23.613Z",
      "before_observed_at": "2026-10-09T20:10:12.718Z"
    }
  ],
  "context": {
    "pool": "0x80cc08712aa61ce9dc7604f9ce7560a25094b862",
    "signals": [
      {
        "value": "Sapien",
        "before": {
          "value": "Sapien",
          "signal": "contract.name",
          "source": {
            "id": "base_rpc",
            "url": "https://basescan.org/token/0xc729777d0470f30612b1564fd96e8dd26f5814e3",
            "kind": "direct_onchain"
          },
          "reference": "base:8453:json-rpc",
          "observed_at": "2026-10-09T20:10:12.718Z"
        },
        "signal": "contract.name",
        "source": {
          "id": "base_rpc",
          "url": "https://basescan.org/token/0xc729777d0470f30612b1564fd96e8dd26f5814e3",
          "kind": "direct_onchain"
        },
        "reference": "base:8453:json-rpc",
        "observed_at": "2026-10-10T01:14:23.613Z"
      },
      {
        "value": "SAPIEN",
        "before": {
          "value": "SAPIEN",
          "signal": "contract.symbol",
          "source": {
            "id": "base_rpc",
            "url": "https://basescan.org/token/0xc729777d0470f30612b1564fd96e8dd26f5814e3",
            "kind": "direct_onchain"
          },
          "reference": "base:8453:json-rpc",
          "observed_at": "2026-10-09T20:10:12.718Z"
        },
        "signal": "contract.symbol",
        "source": {
          "id": "base_rpc",
          "url": "https://basescan.org/token/0xc729777d0470f30612b1564fd96e8dd26f5814e3",
          "kind": "direct_onchain"
        },
        "reference": "base:8453:json-rpc",
        "observed_at": "2026-10-10T01:14:23.613Z"
      },
      {
        "value": 1004917.2,
        "before": {
          "value": 15899.05,
          "signal": "liquidity.usd",
          "source": {
            "id": "dexscreener",
            "url": "https://api.dexscreener.com/latest/dex/tokens/0xc729777d0470f30612b1564fd96e8dd26f5814e3",
            "kind": "provider"
          },
          "reference": "dexscreener:token_pairs:base",
          "observed_at": "2026-10-09T20:10:12.718Z"
        },
        "signal": "liquidity.usd",
        "source": {
          "id": "dexscreener",
          "url": "https://api.dexscreener.com/latest/dex/tokens/0xc729777d0470f30612b1564fd96e8dd26f5814e3",
          "kind": "provider"
        },
        "reference": "dexscreener:token_pairs:base",
        "observed_at": "2026-10-10T01:14:23.613Z"
      },
      {
        "value": 25198.06,
        "before": {
          "value": 20528.82,
          "signal": "market.volume_24h_usd",
          "source": {
            "id": "dexscreener",
            "url": "https://api.dexscreener.com/latest/dex/tokens/0xc729777d0470f30612b1564fd96e8dd26f5814e3",
            "kind": "provider"
          },
          "reference": "dexscreener:token_pairs:base",
          "observed_at": "2026-10-09T20:10:12.718Z"
        },
        "signal": "market.volume_24h_usd",
        "source": {
          "id": "dexscreener",
          "url": "https://api.dexscreener.com/latest/dex/tokens/0xc729777d0470f30612b1564fd96e8dd26f5814e3",
          "kind": "provider"
        },
        "reference": "dexscreener:token_pairs:base",
        "observed_at": "2026-10-10T01:14:23.613Z"
      },
      {
        "value": 87.28,
        "before": {
          "value": 87.28,
          "signal": "holders.top10_concentration_percent",
          "source": {
            "id": "goplus",
            "url": "https://api.gopluslabs.io/api/v1/token_security/8453?contract_addresses=0xc729777d0470f30612b1564fd96e8dd26f5814e3",
            "kind": "provider"
          },
          "reference": "goplus:token_security:8453",
          "observed_at": "2026-10-09T20:10:12.718Z"
        },
        "signal": "holders.top10_concentration_percent",
        "source": {
          "id": "goplus",
          "url": "https://api.gopluslabs.io/api/v1/token_security/8453?contract_addresses=0xc729777d0470f30612b1564fd96e8dd26f5814e3",
          "kind": "provider"
        },
        "reference": "goplus:token_security:8453",
        "observed_at": "2026-10-10T01:14:23.613Z"
      },
      {
        "value": false,
        "before": {
          "value": false,
          "signal": "security.honeypot",
          "source": {
            "id": "goplus",
            "url": "https://api.gopluslabs.io/api/v1/token_security/8453?contract_addresses=0xc729777d0470f30612b1564fd96e8dd26f5814e3",
            "kind": "provider"
          },
          "reference": "goplus:token_security:8453",
          "observed_at": "2026-10-09T20:10:12.718Z"
        },
        "signal": "security.honeypot",
        "source": {
          "id": "goplus",
          "url": "https://api.gopluslabs.io/api/v1/token_security/8453?contract_addresses=0xc729777d0470f30612b1564fd96e8dd26f5814e3",
          "kind": "provider"
        },
        "reference": "goplus:token_security:8453",
        "observed_at": "2026-10-10T01:14:23.613Z"
      },
      {
        "value": false,
        "before": {
          "value": false,
          "signal": "supply.mintable",
          "source": {
            "id": "goplus",
            "url": "https://api.gopluslabs.io/api/v1/token_security/8453?contract_addresses=0xc729777d0470f30612b1564fd96e8dd26f5814e3",
            "kind": "provider"
          },
          "reference": "goplus:token_security:8453",
          "observed_at": "2026-10-09T20:10:12.718Z"
        },
        "signal": "supply.mintable",
        "source": {
          "id": "goplus",
          "url": "https://api.gopluslabs.io/api/v1/token_security/8453?contract_addresses=0xc729777d0470f30612b1564fd96e8dd26f5814e3",
          "kind": "provider"
        },
        "reference": "goplus:token_security:8453",
        "observed_at": "2026-10-10T01:14:23.613Z"
      },
      {
        "value": false,
        "before": {
          "value": false,
          "signal": "contract.is_proxy",
          "source": {
            "id": "goplus",
            "url": "https://api.gopluslabs.io/api/v1/token_security/8453?contract_addresses=0xc729777d0470f30612b1564fd96e8dd26f5814e3",
            "kind": "provider"
          },
          "reference": "goplus:token_security:8453",
          "observed_at": "2026-10-09T20:10:12.718Z"
        },
        "signal": "contract.is_proxy",
        "source": {
          "id": "goplus",
          "url": "https://api.gopluslabs.io/api/v1/token_security/8453?contract_addresses=0xc729777d0470f30612b1564fd96e8dd26f5814e3",
          "kind": "provider"
        },
        "reference": "goplus:token_security:8453",
        "observed_at": "2026-10-10T01:14:23.613Z"
      }
    ],
    "previous_pool": "0x80cc08712aa61ce9dc7604f9ce7560a25094b862"
  },
  "stories": [
    {
      "signal": "jepeta.risk",
      "label": "Jepeta risk score",
      "before": "55/100 · high risk",
      "after": "30/100 · medium risk",
      "before_at": "2026-10-09T20:10:12.718Z",
      "after_at": "2026-10-10T01:14:23.613Z",
      "title": "SAPIEN risk score falls by 25 points",
      "summary": "The score moved from 55 to 30/100, moving the risk category to medium.",
      "happened": [
        "SAPIEN moved from 55 to 30 on Jepeta’s 100-point risk scale between the two checks.",
        "Warnings no longer present: high liquidity risk."
      ],
      "why": [
        "High holder concentration still contributes to the score: the ten largest reported holders account for 87.28% of supply.",
        "A lower score reflects fewer or less severe warning conditions in the same screening engine. It does not remove the warnings that remain."
      ],
      "not_meaning": "A lower risk score does not make this token safe.",
      "next": "Check current liquidity, holder concentration and the full risk breakdown."
    }
  ],
  "summary": "The score moved from 55 to 30/100, moving the risk category to medium.",
  "chain_id": 8453,
  "severity": "MEDIUM",
  "confidence": "HIGH",
  "token_name": "Sapien",
  "change_keys": [
    "da29778a558e7ef96e86f9575b75695bfb7fe351188c35db2a6e862f94675ff3"
  ],
  "detected_at": "2026-10-10T01:14:23.965Z",
  "fingerprint": "ea88d2cba8f8f2a1f60e75e622aa6031d7ffedea340fbf4578897f9b762e41c3",
  "next_checks": [
    "Check current liquidity, holder concentration and the full risk breakdown."
  ],
  "not_meaning": "A lower risk score does not make this token safe.",
  "scanner_url": "https://jepeta.dev/?token=0xc729777d0470f30612b1564fd96e8dd26f5814e3#scanner",
  "token_label": "SAPIEN",
  "last_checked": "2026-10-10T01:14:23.613Z",
  "token_symbol": "SAPIEN",
  "canonical_url": "https://jepeta.dev/intelligence/2026-10-10-c729777d04-risk-score-ea88d2cba8f8/",
  "token_address": "0xc729777d0470f30612b1564fd96e8dd26f5814e3",
  "engine_version": "3.0.0-shadow.3",
  "policy_version": "1.0.0",
  "schema_version": "1.0.0",
  "unique_insight": true,
  "editorial_version": "2.0.0",
  "telegram_eligible": true,
  "before_observed_at": "2026-10-09T20:10:12.718Z",
  "methodology_version": "2.1.1"
}