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keel
Ledger
65,277,324
Methodology
1.0.8-draft
Age
5s

THE1 against USDC — what depth stands behind this price?

All assets

THE1 / USDC

GBGR…IEVW

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0.000035 USDC (shortened; full value 0.000035969972683669514371879007971745250946261098 USDC)Limited by liquidation depth
Depth within 5%
buy0.000034 USDC (shortened; full value 0.0000348282318972709414891778 USDC)sell0.000035 USDC (shortened; full value 0.000035496437434882350304272367802230850309680719 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 not evaluated

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
0.45 USDC (shortened; full value 0.45828038453071168007775322287333420982613050953 USDC)
Highest
6.54 USDC (shortened; full value 6.54208590273684091674569157445769973600075929031 USDC)
2026-10-04T02:54:22Z — 2026-10-24T22:09:18Z
Max safe collateral
0.46 USDC (shortened; full value 0.460986897824129552438561138732325311607754441908 USDC)
501 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME433 of 501

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.

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

0.000035 USDC (shortened; full value 0.000035969972683669514371879007971745250946261098 USDC)

Limited by liquidation depth

Liquidation termbinds
0.000035 USDC (shortened; full value 0.000035969972683669514371879007971745250946261098 USDC)

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

Manipulation term
not applicable

Not applied: the critical target is not reachable through the order book.