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keel
Ledger
65,275,712
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
2.98 USDC (shortened; full value 2.98984634689159813427995941522253378916346130209 USDC)Limited by liquidation depth
Depth within 5%
buy2.89 USDC (shortened; full value 2.8949441475118162143734188898 USDC)sell2.95 USDC (shortened; full value 2.950485804525840838751356222283576231295525140895 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 not evaluated

History

Window
Resolution
Source

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
3.10 USDC (shortened; full value 3.103962414183018807115088800439084440807178040846 USDC)
Highest
3.45 USDC (shortened; full value 3.45571077915116349410387636333154066002039513613 USDC)
2026-10-04T00:54:22Z — 2026-10-24T19:54:18Z
Max safe collateral
3.11 USDC (shortened; full value 3.115084329225181902522496371712638663798023106744 USDC)
500 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
1.16 USDC (shortened; full value 1.1664723445601660833041858362 USDC)
Sell side
1.17 USDC (shortened; full value 1.1711379928956230811294856187884500526000989825 USDC)

5% from mid

Buy side
2.89 USDC (shortened; full value 2.8949441475118162143734188898 USDC)
Sell side
2.95 USDC (shortened; full value 2.950485804525840838751356222283576231295525140895 USDC)

10% from mid

Buy side
5.72 USDC (shortened; full value 5.7217433121908117112278788518 USDC)
Sell side
5.97 USDC (shortened; full value 5.97969269378319626855991883044506757832692260418 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.