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keel
Ledger
65,276,054
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 5.6820570894971883434084589057 USDC)sell5.79 USDC (shortened; full value 5.791071581631763010603938271595744981839424425197 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
3 triggered5 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.

Lower at the end of the window than at its start

Lowest
2.38 USDC (shortened; full value 2.3872529934013441536297112676 USDC)
Highest
12.73 USDC (shortened; full value 12.7339435555382558457434417214 USDC)
2026-10-04T23:53:27Z — 2026-10-24T20:23:28ZOne scale across every line on this chart
2% from mid
2.38 USDC (shortened; full value 2.3872529934013441536297112676 USDC)
5% from mid
5.92 USDC (shortened; full value 5.9246703225382995448647028355 USDC)
10% from mid
11.70 USDC (shortened; full value 11.7098780037104423406180392429 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.
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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.00000239 USDC (shortened; full value 0.000002398967621 USDC)

AMM pool spot price, because the book and the pool disagree or the book is one-sided

AMM pool spot price
0.00000239 USDC (shortened; full value 0.000002398967621 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
not computed

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
not computed

Best ask minus best bid, over the mid