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keel
Ledger
65,292,806
Methodology
1.0.8-draft
Age
6s

VELO against USDC — what depth stands behind this price?

All assets

VELO / USDC

GDM4…2M5M

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
68.83 USDC (shortened; full value 68.830290925770896786700655 USDC)Limited by manipulation cost
Depth within 5%
buy181.60 USDC (shortened; full value 181.6096851762941071588072282865 USDC)sell57.78 USDC (shortened; full value 57.789770133746735763000428148700848221560582135402 USDC)
Cost to move +50%
275.32 USDC (shortened; full value 275.32116370308358714680262 USDC)Reachable through the order book
Checks
4 triggered3 not evaluated

History

Window
Resolution
Source

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
0 USDC
Highest
234.24 USDC (shortened; full value 234.2475953392089425216096882403 USDC)
2026-10-27T23:54:28Z — 2026-11-03T23:39:29ZOne scale across every line on this chart
2% from mid
0 USDC
5% from mid
181.54 USDC (shortened; full value 181.5465596488212529383053157944 USDC)
10% from mid
200.10 USDC (shortened; full value 200.1051465949457994546066174198 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT56 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.

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
0 USDC
Sell side
9.47 USDC (shortened; full value 9.472993334430503635919660028991675250404141378836 USDC)

5% from mid

Buy side
181.60 USDC (shortened; full value 181.6096851762941071588072282865 USDC)
Sell side
57.78 USDC (shortened; full value 57.789770133746735763000428148700848221560582135402 USDC)

10% from mid

Buy side
200.16 USDC (shortened; full value 200.1694324074410437519282590886 USDC)
Sell side
3,250.34 USDC (shortened; full value 3250.346888209372188790418141696052269779383497492734 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.