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keel
Ledger
65,275,154
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%
buy5.69 USDC (shortened; full value 5.6981170062119448822887573662 USDC)sell5.80 USDC (shortened; full value 5.80743961979563678776123748076235083746337369788 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
3 triggered5 not evaluated

History

Window
Resolution
Source

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.

Lower at the end of the window than at its start

Lowest
2.31 USDC (shortened; full value 2.3140029629872064889572751455 USDC)
Highest
11.61 USDC (shortened; full value 11.6186643562533557474693826745 USDC)
2026-11-01T23:53:29Z — 2026-11-02T23:08:29ZOne scale across every line on this chart
2% from mid
2.31 USDC (shortened; full value 2.3140029629872064889572751455 USDC)
5% from mid
5.74 USDC (shortened; full value 5.7428788314314714312324779428 USDC)
10% from mid
11.35 USDC (shortened; full value 11.3505742674543550123423050005 USDC)
25 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.

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

Largest holder
22.8869 % (shortened; full value 22.8869778197127512982441021 %)
Top ten holders
72.5894 % (shortened; full value 72.58948899465834249978950181 %)
Concentration index
1,157.37 (shortened; full value 1157.3704946011955484617546572629609488557143206426386412)

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