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keel
Ledger
65,278,224
Methodology
1.0.8-draft
Age
6s

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 2.984648536187758746812828136112614584393108384376 USDC)Limited by liquidation depth
Depth within 5%
buy2.88 USDC (shortened; full value 2.8899113231017597745969847722 USDC)sell2.94 USDC (shortened; full value 2.945356421635567977236542709106460648868152842228 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 not evaluated

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
0.36825718 USDC (shortened; full value 0.3682571833663578 USDC)
Highest
0.40717792 USDC (shortened; full value 0.4071779233904723 USDC)
2026-10-27T03:54:23Z — 2026-11-03T03:24:19Z
Mid price
0.36825718 USDC (shortened; full value 0.3682571833663578 USDC)
169 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.

The engine answers only for ledgers a replay has stored, and says so when it has not. A stored past reading is rebuilt from the operation stream, so it carries its own gaps.