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keel
Ledger
65,278,214
Methodology
1.0.8-draft
Age
1s

AMM against USDC — what depth stands behind this price?

All assets

AMM / USDC

GARQ…BDOQ

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy16.47 USDC (shortened; full value 16.4702311870027153245255162619 USDC)sell56.85 USDC (shortened; full value 56.851338952450121435871492906195025894854038933418 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
7 triggered3 not evaluated

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Higher at the end of the window than at its start

Lowest
0 USDC
Highest
51.94 USDC (shortened; full value 51.9403268629397291951059455384 USDC)
2026-11-02T23:53:24Z — 2026-11-03T03:23:24ZOne scale across every line on this chart
2% from mid
0 USDC
5% from mid
16.42 USDC (shortened; full value 16.4249960209258886978552142445 USDC)
10% from mid
51.94 USDC (shortened; full value 51.9403268629397291951059455384 USDC)
2 readings from horizon, with no gaps reported. One source per chart.

Checks

What fires now, how long it has been firing across the window above, and what could not run.
Nothing tradable within 2%nowZERO_DEPTH_2PCTthroughout
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

Not evaluated3

  • No genuine trade in 30 days
  • No genuine trade in 7 days
  • Volume may be wash traded

Evidence

The figures behind the verdict, as the engine served them.

Concentration and wash trading bound how much of the depth is real.

Largest holder
99.8251 % (shortened; full value 99.82519356884194479406613317 %)
Top ten holders
99.9101 % (shortened; full value 99.91014042539254026871571561 %)
Concentration index
9,965.07 (shortened; full value 9965.070507175192488673014293719733913119080044064911459)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used