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keel
Ledger
65,274,984
Methodology
1.0.8-draft
Age
6s

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
0.000035 USDC (shortened; full value 0.000035969972683669514371879007971745250946261098 USDC)
Highest
0.00041 USDC (shortened; full value 0.000418941077196443284948003796139447852710851824 USDC)
2026-10-26T23:54:18Z — 2026-11-02T22:54:19Z
Max safe collateral
0.000035 USDC (shortened; full value 0.000035969972683669514371879007971745250946261098 USDC)
168 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_EXTREME102 of 168

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
61.7345 % (shortened; full value 61.73459285926681087458589467 %)
Top ten holders
100 %
Concentration index
5,159.83 (shortened; full value 5159.8365829073787786220679064115291747076435381578298918)

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