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keel
Ledger
65,277,314
Methodology
1.0.8-draft
Age
2s

AQUA against USDC — what depth stands behind this price?

All assets

AQUA / USDC

GBNZ…AQUA

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
5,219.84 USDC (shortened; full value 5219.846319875154167974574905 USDC)Limited by manipulation cost
Depth within 5%
buy8,983.98 USDC (shortened; full value 8983.9868670936389335245373157708 USDC)sell7,434.50 USDC (shortened; full value 7434.503191347144530805996114387285288495666803669305 USDC)
Cost to move +50%
20,879.38 USDC (shortened; full value 20879.38527950061667189829962 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
2,633.46 USDC (shortened; full value 2633.462044275169302231424525 USDC)
Highest
9,247.53 USDC (shortened; full value 9247.537913500127532986407235 USDC)
2026-10-04T02:53:27Z — 2026-10-24T22:08:23Z
Max safe collateral
5,391.24 USDC (shortened; full value 5391.2453442002760790158204925 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 tradingnowMANIPULATION_RATIO_LOW401 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.

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

Largest holder
46.3876 % (shortened; full value 46.38763653766959364324237445 %)
Top ten holders
83.7197 % (shortened; full value 83.71973500129820356903956066 %)
Concentration index
2,358.93 (shortened; full value 2358.9309944809907183160975913875507373172025960016001042)

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