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keel
Ledger
65,295,146
Methodology
1.0.8-draft
Age
7s

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
68.75 USDC (shortened; full value 68.755668075681581343069825 USDC)Limited by manipulation cost
Depth within 5%
buy187.02 USDC (shortened; full value 187.0205768316915995122398804429 USDC)sell59.48 USDC (shortened; full value 59.486015946726843299075766160309916329985760179349 USDC)
Cost to move +50%
275.02 USDC (shortened; full value 275.0226723027263253722793 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Lower at the end of the window than at its start

Lowest
130.14 USDC (shortened; full value 130.14023260315009629020346 USDC)
Highest
302.41 USDC (shortened; full value 302.41440750347440938074965 USDC)
2026-10-28T23:54:28Z — 2026-11-04T02:54:29Z
Cost to move +50%
275.02 USDC (shortened; full value 275.02267230273130479928209 USDC)
8 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%ZERO_DEPTH_2PCT3 of 8

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
181.25 USDC (shortened; full value 181.2517217119444009592993859019 USDC)
Sell side
3.90 USDC (shortened; full value 3.905131779235276389952111625424836480929639144315 USDC)

5% from mid

Buy side
187.02 USDC (shortened; full value 187.0205768316915995122398804429 USDC)
Sell side
59.48 USDC (shortened; full value 59.486015946726843299075766160309916329985760179349 USDC)

10% from mid

Buy side
205.64 USDC (shortened; full value 205.6451516594207313428896434966 USDC)
Sell side
3,178.38 USDC (shortened; full value 3178.383811779055943753980090957395189068640986633853 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.