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keel
Ledger
65,274,984
Methodology
1.0.8-draft
Age
7s

TREAD against USDC — what depth stands behind this price?

All assets

TREAD / USDC

GANM…6VLM

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
2.99 USDC (shortened; full value 2.992557328088637704759766686038268166960189721554 USDC)Limited by liquidation depth
Depth within 5%
buy2.89 USDC (shortened; full value 2.8975690781068428188610992238 USDC)sell2.95 USDC (shortened; full value 2.953161096367014418224384601007257231164238854187 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
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
1.16 USDC (shortened; full value 1.167530019178213579662470104 USDC)
Highest
6.00 USDC (shortened; full value 6.000965514529113364607421021 USDC)
2026-10-26T23:54:23Z — 2026-11-02T22:54:19ZOne scale across every line on this chart
2% from mid
1.16 USDC (shortened; full value 1.167530019178213579662470104 USDC)
5% from mid
2.89 USDC (shortened; full value 2.8975690781068428188610992238 USDC)
10% from mid
5.72 USDC (shortened; full value 5.7269313843302923292440372147 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.
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.555321 USDC (shortened; full value 0.55532162556550785 USDC)26.37 USDC (shortened; full value 26.3701870806874700205646140551 USDC)unreachablebook ends at 0 USDC
+100%0.740428 USDC (shortened; full value 0.7404288340873438 USDC)48.60 USDC (shortened; full value 48.6012831505498265536274471062 USDC)unreachablebook ends at 0 USDC
+1,000%4.072358 USDC (shortened; full value 4.0723585874803909 USDC)271.81 USDC (shortened; full value 271.8185680463831773628905484143 USDC)unreachablebook ends at 0 USDC
+10,000%37.391656 USDC (shortened; full value 37.3916561214108619 USDC)1,061.85 USDC (shortened; full value 1061.8569923675767621020795904535 USDC)unreachablebook ends at 0 USDC

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder