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keel
Ledger
65,275,153
Methodology
1.0.8-draft
Age
8s

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
5,606.24 USDC (shortened; full value 5606.248061000199779307082505 USDC)Limited by manipulation cost
Depth within 5%
buy10,535.85 USDC (shortened; full value 10535.8511678531261300865079012714 USDC)sell8,802.15 USDC (shortened; full value 8802.1559010554751710496828105594479741205240839475 USDC)
Cost to move +50%
22,424.99 USDC (shortened; full value 22424.99224400079911722833002 USDC)Reachable through the order book
Checks
2 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
4,111.27 USDC (shortened; full value 4111.2718477999642591470284475 USDC)
Highest
6,268.87 USDC (shortened; full value 6268.8777790749214907865383775 USDC)
2026-10-26T23:53:28Z — 2026-11-02T23:08:29Z
Max safe collateral
5,604.53 USDC (shortened; full value 5604.5334952998902121833155725 USDC)
169 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_LOW90 of 169

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
2,115.90 USDC (shortened; full value 2115.9003484610046990444728937285 USDC)
Sell side
6,413.52 USDC (shortened; full value 6413.523001707048340228772586057741142856616633736436 USDC)

5% from mid

Buy side
10,535.85 USDC (shortened; full value 10535.8511678531261300865079012714 USDC)
Sell side
8,802.15 USDC (shortened; full value 8802.1559010554751710496828105594479741205240839475 USDC)

10% from mid

Buy side
21,307.27 USDC (shortened; full value 21307.2739910336597636409051310597 USDC)
Sell side
17,739.29 USDC (shortened; full value 17739.291904743653447254520396723133021407834449429544 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.