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keel
Ledger
65,275,707
Methodology
1.0.8-draft
Age
6s

Ral against USDC — what depth stands behind this price?

All assets

Ral / USDC

GDIP…UTHV

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%
buy2.37 USDC (shortened; full value 2.3724709271742967193704377644 USDC)sell2.41 USDC (shortened; full value 2.417988546789209146710646681518500902869223465617 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
0.97 USDC (shortened; full value 0.9709193083184058170447623535 USDC)
Highest
5.29 USDC (shortened; full value 5.296869059445070711276051259 USDC)
2026-10-04T23:54:02Z — 2026-10-24T20:09:03ZOne scale across every line on this chart
2% from mid
0.97 USDC (shortened; full value 0.9709193083184058170447623535 USDC)
5% from mid
2.40 USDC (shortened; full value 2.4096217818026564215852723646 USDC)
10% from mid
4.76 USDC (shortened; full value 4.7625227335693811516130409999 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.

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

Largest holder
12.5124 % (shortened; full value 12.51246930191815533742140492 %)
Top ten holders
69.0652 % (shortened; full value 69.06529199987248810440364247 %)
Concentration index
620.81 (shortened; full value 620.8103511905119585570602028027383111572829413370638005)

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