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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

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.

The engine's own notes on the limits of this computation, verbatim and in the order served.

  1. maxReachablePrice and costToMaxReachablePrice are null because an active pool is present: under a constant product curve the price tends to infinity as the base reserve tends to zero, so every target is reachable and a highest price has no meaning
  2. manipulation to delta 0.5 is unreachable through the order book; the manipulation term was not applied