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keel
Ledger
65,276,603
Methodology
1.0.8-draft
Age
3s

SHX against USDC — what depth stands behind this price?

All assets

SHX / USDC

GDST…J6JH

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
556.71 USDC (shortened; full value 556.712691279758097390255127299661872940022400056545 USDC)Limited by liquidation depth
Depth within 5%
buy840.75 USDC (shortened; full value 840.7584129053892799031433242425 USDC)sell53.15 USDC (shortened; full value 53.150751368919389946126190899108101709665378458086 USDC)
Cost to move +50%
2,937.61 USDC (shortened; full value 2937.61814090281576358407589 USDC)Reachable through the order book
Checks
4 triggered3 not evaluated

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Higher at the end of the window than at its start

Lowest
2,291.49 USDC (shortened; full value 2291.49645970426321503248285 USDC)
Highest
3,479.67 USDC (shortened; full value 3479.67175360395112934954939 USDC)
2026-10-27T23:54:13Z — 2026-11-03T01:09:09Z
Cost to move +50%
2,937.61 USDC (shortened; full value 2937.61814220308665143151679 USDC)
8 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
Nothing tradable within 2%nowZERO_DEPTH_2PCT5 of 8

Not evaluated3

  • 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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

556.71 USDC (shortened; full value 556.712691279758097390255127299661872940022400056545 USDC)

Limited by liquidation depth

Liquidation termbinds
556.71 USDC (shortened; full value 556.712691279758097390255127299661872940022400056545 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
734.40 USDC (shortened; full value 734.4045352257039408960189725 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.