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keel
Ledger
64,751,945
Methodology
1.0.8-draft
Age
5s

AQUA against USDC — what depth stands behind this price?

All assets

AQUA / USDC

GBNZ…AQUA

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
8,349.17 USDC (shortened; full value 8349.1751622000433588970242925 USDC)Limited by manipulation cost
Depth within 5%
buy27,523.71 USDC (shortened; full value 27523.7105834004211724831670779282 USDC)sell24,953.65 USDC (shortened; full value 24953.658653226968036832564383239119549183600885197136 USDC)
Cost to move +50%
33,396.70 USDC (shortened; full value 33396.70064880017343558809717 USDC)Reachable through the order book
Checks
2 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.

Lower at the end of the window than at its start

Lowest
8.92 USDC (shortened; full value 8.9242269977599002243213224007 USDC)
Highest
31,670.21 USDC (shortened; full value 31670.2113488126401297871602311862 USDC)
2026-09-11T17:47:50Z — 2026-10-02T10:38:27ZOne scale across every line on this chart
2% from mid
1,288.70 USDC (shortened; full value 1288.7087420141294740473364146981 USDC)
5% from mid
5,173.87 USDC (shortened; full value 5173.8711072735646787763699343568 USDC)
10% from mid
15,944.76 USDC (shortened; full value 15944.7627194620343080468064624801 USDC)
498 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGH146 of 498
Cheap next to real tradingMANIPULATION_RATIO_LOW145 of 498
Cheap to move the priceMANIPULATION_CHEAP29 of 498

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

8,349.17 USDC (shortened; full value 8349.1751622000433588970242925 USDC)

Limited by manipulation cost

Liquidation term
12,795.46 USDC (shortened; full value 12795.46659543280890858963729132814887567318191396064 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation termbinds
8,349.17 USDC (shortened; full value 8349.1751622000433588970242925 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.