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keel
Ledger
65,276,605
Methodology
1.0.8-draft
Age
6s

USDGLO against USDC — what depth stands behind this price?

All assets

USDGLO / USDC

GBBS…S6XV

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
25.57 USDC (shortened; full value 25.57879439005840850911807623042122627134235227539 USDC)Limited by liquidation depth
Depth within 5%
buy49.13 USDC (shortened; full value 49.1303667601330946168500622882 USDC)sell25.24 USDC (shortened; full value 25.242056275973848139771415481381318600766049872045 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
5 triggered3 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.

Higher at the end of the window than at its start

Lowest
10.94 USDC (shortened; full value 10.9409745271424811552322570871 USDC)
Highest
125.09 USDC (shortened; full value 125.0923458069127187942277716209 USDC)
2026-10-04T23:54:22Z — 2026-10-24T21:09:23ZOne scale across every line on this chart
2% from mid
31.90 USDC (shortened; full value 31.9011774791156853935618115202 USDC)
5% from mid
46.73 USDC (shortened; full value 46.732600521362035066729462237 USDC)
10% from mid
70.98 USDC (shortened; full value 70.9883935260429172161149612832 USDC)
21 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
Price sources disagreenowPRICE_SOURCE_CONFLICT0 of 21
Extreme spreadnowSPREAD_EXTREME0 of 21

Not evaluated3

  • 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.

Concentration and wash trading bound how much of the depth is real.

Largest holder
59.3247 % (shortened; full value 59.32475527342056796988755695 %)
Top ten holders
98.0484 % (shortened; full value 98.04849620426727307798550831 %)
Concentration index
4,062.80 (shortened; full value 4062.8085981460998985146249192975807940288704358340265931)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used