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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
2.38 USDC (shortened; full value 2.3852108875846230607603190489 USDC)
Highest
12.73 USDC (shortened; full value 12.7339435555382558457434417214 USDC)
2026-10-03T23:53:27Z — 2026-10-24T19:08:28ZOne scale across every line on this chart
2% from mid
2.38 USDC (shortened; full value 2.3852108875846230607603190489 USDC)
5% from mid
5.91 USDC (shortened; full value 5.9196022364321127054635592424 USDC)
10% from mid
11.69 USDC (shortened; full value 11.6998611307394713665294599091 USDC)
22 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
2.29 USDC (shortened; full value 2.2959668874879639301518027294 USDC)
Sell side
2.30 USDC (shortened; full value 2.30515028059353453060695160695429666857525498 USDC)

5% from mid

Buy side
5.69 USDC (shortened; full value 5.6981170062119448822887573662 USDC)
Sell side
5.80 USDC (shortened; full value 5.80743961979563678776123748076235083746337369788 USDC)

10% from mid

Buy side
11.26 USDC (shortened; full value 11.2621042794197293241626804515 USDC)
Sell side
11.76 USDC (shortened; full value 11.76982590826591123825954535020590596190500115792 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.