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Keel
Ledger
64,492,836
Methodology
1.0.8-draft
Age
8s

USDGLO 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
0.9975 USDC

Lower 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
37.45 USDC (shortened; full value 37.4549791212920637960289708919 USDC)
5% from mid
52.36 USDC (shortened; full value 52.369065293494906034466493915 USDC)
10% from mid
76.76 USDC (shortened; full value 76.7600482771570656994551456931 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
40.73 USDC (shortened; full value 40.734069504036163326993458369432161105175044658912 USDC)

Lower than at the start of the window

2026-09-11T17:48:23Z — 2026-09-18T16:31:03Z

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_EXTREME150 of 168
HOLDER_CONCENTRATION_HIGH150 of 168

168 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.

42.35 USDC (shortened; full value 42.355198704036163352493458369432161105175044658912 USDC)

Limited by liquidation depth

Liquidation termbinds
42.35 USDC (shortened; full value 42.355198704036163352493458369432161105175044658912 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
35.67 USDC (shortened; full value 35.6786403147920637960289708919 USDC)
Sell side
43.21 USDC (shortened; full value 43.219874363193711030189967768174898723150661875392 USDC)

5% from mid

Buy side
50.59 USDC (shortened; full value 50.592726486994906034466493915 USDC)
Sell side
58.57 USDC (shortened; full value 58.5729432114426270096802305507084289419314162616 USDC)

10% from mid

Buy side
74.98 USDC (shortened; full value 74.9837094706570656994551456931 USDC)
Sell side
84.71 USDC (shortened; full value 84.710397408072326704986916738864322210350089317824 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%1.49625 USDC252.94 USDC (shortened; full value 252.9422895046522276672498982632 USDC)unreachablebook ends at 29.87 USDC (shortened; full value 29.878959649 USDC)
1%1.995 USDC444.58 USDC (shortened; full value 444.5891085618889591554575350389 USDC)unreachablebook ends at 29.87 USDC (shortened; full value 29.878959649 USDC)
10%10.9725 USDC2,368.87 USDC (shortened; full value 2368.8704159002500130879793991538 USDC)unreachablebook ends at 29.87 USDC (shortened; full value 29.878959649 USDC)
100%100.7475 USDC9,179.52 USDC (shortened; full value 9179.526556215586443550413117913 USDC)unreachablebook ends at 29.87 USDC (shortened; full value 29.878959649 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
52.8101 % (shortened; full value 52.81015427906333327039996117 %)
Top ten holders
98.1636 % (shortened; full value 98.16363165502545923853084492 %)
Concentration index
3,341.74 (shortened; full value 3341.7416616098767580515014239208251510898601990894167346)

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