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Keel
Ledger
64,491,756
Methodology
1.0.8-draft
Age
5s

TRNPC against USDC — what depth stands behind this price?

How has this moved over time?

WindowLast 24 hoursLast 7 daysLast 30 days
ResolutionHourlyDaily
SourceHorizonHubbleOffers impliedTrades implied

Price

Mid price
0.00028256 USDC (shortened; full value 0.0002825629006695 USDC)

Higher than at the start of the window

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.

2% from mid
2.52 USDC (shortened; full value 2.5294268509774721859716044231 USDC)
5% from mid
6.27 USDC (shortened; full value 6.2775165591752976401514785505 USDC)
10% from mid
12.40 USDC (shortened; full value 12.4072647206336917024534493843 USDC)

Higher than at the start of the window

Cost to move the price by half

One manipulation rung, at the delta the engine treats as critical. A reading it could not produce breaks the line rather than sitting at zero.

No point in this range carried a value.

Not enough readings in this window to show a direction.

Collateral ceiling

Max safe collateral
6.48 USDC (shortened; full value 6.48330641132867325432113406282158439746997045612 USDC)

Higher than at the start of the window

2026-09-11T23:48:22Z — 2026-09-18T15:00:58Z

Which checks were firing

Whether a finding has been there all along or started recently. Only checks that fired at least once appear.

THIN_DEPTH_5PCTthroughout
HOLDER_CONCENTRATION_EXTREME7 of 8
HOLDER_CONCENTRATION_HIGH7 of 8

8 readings from horizon, with no gaps reported. One source per chart.

How much can this asset safely back?

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

Risk band

High

partial confidence

A band marked partial is a floor. At least one high-severity check could not be evaluated, so the real band can only be worse than the one shown, never better.

6.48 USDC (shortened; full value 6.48330641132867325432113406282158439746997045612 USDC)

Limited by liquidation depth

Liquidation termbinds
6.48 USDC (shortened; full value 6.48330641132867325432113406282158439746997045612 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
not applicable

Not applied: the critical target is not reachable through the order book.

What volume can it absorb before the price moves?

Three rungs at 2, 5 and 10 per cent, in each direction. The buy side matters for oracle manipulation and the sell side for liquidation.
  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
2.52 USDC (shortened; full value 2.5294268509774721859716044231 USDC)
Sell side
2.53 USDC (shortened; full value 2.53954403569424586977209984704954326716132531 USDC)

5% from mid

Buy side
6.27 USDC (shortened; full value 6.2775165591752976401514785505 USDC)
Sell side
6.39 USDC (shortened; full value 6.39795538419693003597841037800027639005684334786 USDC)

10% from mid

Buy side
12.40 USDC (shortened; full value 12.4072647206336917024534493843 USDC)
Sell side
12.96 USDC (shortened; full value 12.96661282265734650864226812564316879493994091224 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.

What would it cost to move the price?

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.
Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
0.5%0.000423 USDC (shortened; full value 0.00042384435100425 USDC)57.13 USDC (shortened; full value 57.130401935308794918770169847 USDC)unreachablebook ends at 0 USDC
1%0.000565 USDC (shortened; full value 0.000565125801339 USDC)105.29 USDC (shortened; full value 105.2935586868152158585340491354 USDC)unreachablebook ends at 0 USDC
10%0.003108 USDC (shortened; full value 0.0031081919073645 USDC)588.88 USDC (shortened; full value 588.8886566657270579172615348951 USDC)unreachablebook ends at 0 USDC
100%0.028538 USDC (shortened; full value 0.0285388529676195 USDC)2,300.48 USDC (shortened; full value 2300.488676328202474282080599847 USDC)unreachablebook ends at 0 USDC

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Who holds it, and is it genuinely traded?

Concentration and wash trading bound how much of the depth above is real.
Largest holder
58.7145 % (shortened; full value 58.71453558156669087709622538 %)
Top ten holders
98.8129 % (shortened; full value 98.81297213518210681220550138 %)
Concentration index
3,748.35 (shortened; full value 3748.3535962973262798208856094560563358633109665403917832)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

Of 30 day volume. A high share indicates suspected wash trading

Volume to supply, 30 day
not computed
Last genuine trade
not computed

No genuine trade was found in the window