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keel
Ledger
65,276,594
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
5,223.27 USDC (shortened; full value 5223.2744550499517137745776775 USDC)Limited by manipulation cost
Depth within 5%
buy8,965.14 USDC (shortened; full value 8965.1452302146759814730208051956 USDC)sell8,530.50 USDC (shortened; full value 8530.507749526789555382429814347578525321103449403127 USDC)
Cost to move +50%
20,893.09 USDC (shortened; full value 20893.09782019980685509831071 USDC)Reachable through the order book
Checks
3 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
101.56 USDC (shortened; full value 101.5615208080104310198123353487 USDC)
Highest
25,491.32 USDC (shortened; full value 25491.3256670026860453694477328977 USDC)
2026-10-04T23:53:27Z — 2026-10-24T21:08:28ZOne scale across every line on this chart
2% from mid
2,890.75 USDC (shortened; full value 2890.7591051989747755725698449344 USDC)
5% from mid
15,334.03 USDC (shortened; full value 15334.0393276052687069499872055111 USDC)
10% from mid
18,450.35 USDC (shortened; full value 18450.3555498623690192718230243784 USDC)
21 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_LOW18 of 21

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
433.16 USDC (shortened; full value 433.16038851263679363693952373 USDC)
Sell side
6,142.69 USDC (shortened; full value 6142.694075659914771511645446258319666181278418172693 USDC)

5% from mid

Buy side
8,965.14 USDC (shortened; full value 8965.1452302146759814730208051956 USDC)
Sell side
8,530.50 USDC (shortened; full value 8530.507749526789555382429814347578525321103449403127 USDC)

10% from mid

Buy side
19,026.24 USDC (shortened; full value 19026.2492407882733010315977733554 USDC)
Sell side
17,575.27 USDC (shortened; full value 17575.274311976964952388063062087421698706210364497382 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.