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keel
Ledger
65,294,426
Methodology
1.0.8-draft
Age
9s

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 68.7561885506092140949071925 USDC)Limited by manipulation cost
Depth within 5%
buy187.21 USDC (shortened; full value 187.2143690647001477825708551913 USDC)sell123.32 USDC (shortened; full value 123.329156878327458212248360576860335519717177163526 USDC)
Cost to move +50%
275.02 USDC (shortened; full value 275.02475420243685637962877 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

History

Window
Resolution
Source

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Higher at the end of the window than at its start

Lowest
12.44 USDC (shortened; full value 12.4417378865839513736340048253944672200617697338125 USDC)
Highest
199.90 USDC (shortened; full value 199.9010990510085076725684675 USDC)
2026-10-28T02:54:28Z — 2026-11-04T01:54:29Z
Max safe collateral
68.87 USDC (shortened; full value 68.8700921756212134985068525 USDC)
168 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_2PCT57 of 168

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
10.2805 % (shortened; full value 10.2805378188199219771302085 %)
Top ten holders
48.3863 % (shortened; full value 48.38637822636608586816901131 %)
Concentration index
312.77 (shortened; full value 312.7779917205090151458089900356404742669477052271474461)

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