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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

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 1.1644444468909126187371414727 USDC)
Highest
5.78 USDC (shortened; full value 5.7805605786798991418644157875 USDC)
2026-11-02T03:54:24Z — 2026-11-03T03:24:19ZOne scale across every line on this chart
2% from mid
1.16 USDC (shortened; full value 1.1644444468909126187371414727 USDC)
5% from mid
2.88 USDC (shortened; full value 2.8899113231017597745969847722 USDC)
10% from mid
5.71 USDC (shortened; full value 5.7117961325761647368808211161 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.

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