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keel
Ledger
65,275,874
Methodology
1.0.8-draft
Age
6s

BEER against USDC — what depth stands behind this price?

All assets

BEER / USDC

GBL2…SHNN

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%
buy5.68 USDC (shortened; full value 5.6820323201124381329387276079 USDC)sell5.79 USDC (shortened; full value 5.791046337027940464305450061391774971989264635197 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
3 triggered5 not evaluated

Collateral ceiling

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

Unchanged across the window

Lowest
0 USDC
Highest
0 USDC
2026-10-04T00:53:32Z — 2026-10-24T20:08:28Z
Max safe collateral
0 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • 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
2.28 USDC (shortened; full value 2.2894858154706913174561334404 USDC)
Sell side
2.29 USDC (shortened; full value 2.2986432856274578751676997932468855288277384995 USDC)

5% from mid

Buy side
5.68 USDC (shortened; full value 5.6820323201124381329387276079 USDC)
Sell side
5.79 USDC (shortened; full value 5.791046337027940464305450061391774971989264635197 USDC)

10% from mid

Buy side
11.23 USDC (shortened; full value 11.2303135296059056328519963969 USDC)
Sell side
11.73 USDC (shortened; full value 11.736601958148019001856831837831290221850373669948 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.