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keel
Ledger
65,276,785
Methodology
1.0.8-draft
Age
3s

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
2.98 USDC (shortened; full value 2.986429670183966491881855461469873903923322853092 USDC)Limited by liquidation depth
Depth within 5%
buy2.89 USDC (shortened; full value 2.8916359212382548788045900564 USDC)sell2.94 USDC (shortened; full value 2.947114107470237350324342530410117348697348412726 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 not evaluated

History

Window
Resolution
Source

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Lower at the end of the window than at its start

Lowest
0.36869750 USDC (shortened; full value 0.368697502265524 USDC)
Highest
0.37719779 USDC (shortened; full value 0.3771977983521183 USDC)
2026-11-02T01:54:19Z — 2026-11-03T01:24:19Z
Mid price
0.36869750 USDC (shortened; full value 0.368697502265524 USDC)
25 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.

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

Largest holder
99.9999 % (shortened; full value 99.99994183243680142947321027 %)
Top ten holders
99.9999 % (shortened; full value 99.99998486021287449253084196 %)
Concentration index
9,999.98 (shortened; full value 9999.9883664910751401447958124827772987734540536751821414)

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