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THE ALPHA ENGINE: FEE Z-SCORE UPDATE • Current Fee Z-Score: -2.19 • Alpha Trigger Line: 0.50 • Days since last above trigger: 24 (last cross Oct 7) • Recent low: -2.01 on Oct 25 Fee Z measures how far today’s Solana network fees sit from their normal 90-day range. A score of -2.19 means fees are more than two standard deviations below average — a rare, deep drop in network demand. Regime Status: DEEP NEUTRAL The Alpha Engine stays in neutral risk mode until Fee Z crosses back above 0.50.

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