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keel
Ledger
65,276,773
Methodology
1.0.8-draft
Age
7s

AQUA against USDC — what depth stands behind this price?

All assets

AQUA / USDC

GBNZ…AQUA

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
5,515.35 USDC (shortened; full value 5515.3530624750274620591431875 USDC)Limited by manipulation cost
Depth within 5%
buy10,144.59 USDC (shortened; full value 10144.5959895706976501987294239756 USDC)sell8,529.52 USDC (shortened; full value 8529.522213216734241211707039750732328696039694382647 USDC)
Cost to move +50%
22,061.41 USDC (shortened; full value 22061.41224990010984823657275 USDC)Reachable through the order book
Checks
2 triggered3 not evaluated

History

Window
Resolution
Source

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Lower at the end of the window than at its start

Lowest
0.00028518 USDC (shortened; full value 0.0002851837918015 USDC)
Highest
0.00037293 USDC (shortened; full value 0.00037293946925285 USDC)
2026-10-04T01:53:27Z — 2026-10-24T21:23:23Z
Mid price
0.00029091 USDC (shortened; full value 0.0002909136039425 USDC)
501 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Cheap next to real tradingMANIPULATION_RATIO_LOW400 of 501

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

5,515.35 USDC (shortened; full value 5515.3530624750274620591431875 USDC)

Limited by manipulation cost

Liquidation term
8,251.14 USDC (shortened; full value 8251.1455832403128389880063520756314885118940684717075 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation termbinds
5,515.35 USDC (shortened; full value 5515.3530624750274620591431875 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.