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keel
Ledger
65,293,526
Methodology
1.0.8-draft
Age
4s

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
7.08 USDC (shortened; full value 7.088100974117822012944700236817040766379920825624 USDC)Limited by liquidation depth
Depth within 5%
buy801.53 USDC (shortened; full value 801.5301962380977806847651855017 USDC)sell4.63 USDC (shortened; full value 4.634274067276887923574517195284607474722652871984 USDC)
Cost to move +50%
787.72 USDC (shortened; full value 787.7233777068 USDC)Reachable through the order book
Checks
6 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
3.94 USDC (shortened; full value 3.9481653231485995341722784197 USDC)
Highest
810.45 USDC (shortened; full value 810.4549647813047105771660642778 USDC)
2026-10-28T00:54:28Z — 2026-11-04T00:39:29ZOne scale across every line on this chart
2% from mid
8.36 USDC (shortened; full value 8.3621744739620881358090125904 USDC)
5% from mid
801.53 USDC (shortened; full value 801.5301962380977806847651855017 USDC)
10% from mid
810.43 USDC (shortened; full value 810.4345447192060470737842769877 USDC)
169 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_2PCT25 of 169

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
91.9648 % (shortened; full value 91.96482303738784424372484855 %)
Top ten holders
99.9999 % (shortened; full value 99.99990676133910638866281633 %)
Concentration index
8,521.58 (shortened; full value 8521.5802183166536462310994568221040181124120955388396627)

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