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keel
Ledger
65,294,246
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
68.87 USDC (shortened; full value 68.8700921756212134985068525 USDC)Limited by manipulation cost
Depth within 5%
buy182.45 USDC (shortened; full value 182.4561125274594461716650777099 USDC)sell81.58 USDC (shortened; full value 81.585703641477508606440889980384228307974111764734 USDC)
Cost to move +50%
275.48 USDC (shortened; full value 275.48036870248485399402741 USDC)Reachable through the order book
Checks
4 triggered3 not evaluated

History

Window
Resolution
Source

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 — 2026-11-04T01:54:29Z
Cost to move +50%
275.48 USDC (shortened; full value 275.48036870248485399402741 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%nowZERO_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
0 USDC
Sell side
8.77 USDC (shortened; full value 8.775326685623279829247600591115826603218628512982 USDC)

5% from mid

Buy side
182.45 USDC (shortened; full value 182.4561125274594461716650777099 USDC)
Sell side
81.58 USDC (shortened; full value 81.585703641477508606440889980384228307974111764734 USDC)

10% from mid

Buy side
201.00 USDC (shortened; full value 201.0056925096659451049070035026 USDC)
Sell side
3,274.13 USDC (shortened; full value 3274.131925761111628557385417280994148511948549726854 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.