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keel
Ledger
65,295,146
Methodology
1.0.8-draft
Age
6s

VAQM against USDC — what depth stands behind this price?

All assets

VAQM / USDC

GC2B…BVCD

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
6.33 USDC (shortened; full value 6.3313251752876855425240735047748500249980903596875 USDC)Limited by liquidation depth
Depth within 5%
buy803.05 USDC (shortened; full value 803.0530501609853829377637086153 USDC)sell3.12 USDC (shortened; full value 3.12066128303966662730013558355301303743591175865 USDC)
Cost to move +50%
787.72 USDC (shortened; full value 787.7233777068 USDC)Reachable through the order book
Checks
6 triggered3 not evaluated

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Higher at the end of the window than at its start

Lowest
0.24187358 USDC (shortened; full value 0.2418735800287622 USDC)
Highest
0.29195 USDC
2026-10-05T03:54:27Z — 2026-10-25T22:54:28Z
Mid price
0.29195 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT31 of 500
Price sources disagreePRICE_SOURCE_CONFLICT357 of 500
Extreme spreadSPREAD_EXTREME357 of 500

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.

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
9.88 USDC (shortened; full value 9.8849934836605815749553633714 USDC)
Sell side
0 USDC

5% from mid

Buy side
803.05 USDC (shortened; full value 803.0530501609853829377637086153 USDC)
Sell side
3.12 USDC (shortened; full value 3.12066128303966662730013558355301303743591175865 USDC)

10% from mid

Buy side
811.95 USDC (shortened; full value 811.9574557402618928242958970811 USDC)
Sell side
12.66 USDC (shortened; full value 12.662650350575371085048147009549700049996180719375 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.