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keel
Ledger
64,752,125
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
8,093.89 USDC (shortened; full value 8093.898834450041437070293385 USDC)Limited by manipulation cost
Depth within 5%
buy27,522.28 USDC (shortened; full value 27522.2815726213139728398311659422 USDC)sell24,952.83 USDC (shortened; full value 24952.83516253499568303334964030025867749893642289058 USDC)
Cost to move +50%
32,375.59 USDC (shortened; full value 32375.59533780016574828117354 USDC)Reachable through the order book
Checks
2 triggered3 not evaluated

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
1,879.27 USDC (shortened; full value 1879.2711003250072968410995375 USDC)
Highest
8,614.54 USDC (shortened; full value 8614.54532975004102403227313 USDC)
2026-09-26T17:50:46Z — 2026-10-03T16:38:27Z
Max safe collateral
8,349.17 USDC (shortened; full value 8349.1751622000433588970242925 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Cheap next to real tradingMANIPULATION_RATIO_LOW155 of 168
Cheap to move the priceMANIPULATION_CHEAP24 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.

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
20,945.43 USDC (shortened; full value 20945.4324491151141477262208033723 USDC)
Sell side
176.19 USDC (shortened; full value 176.19792821379433222162020513234069343593451076622 USDC)

5% from mid

Buy side
27,522.28 USDC (shortened; full value 27522.2815726213139728398311659422 USDC)
Sell side
24,952.83 USDC (shortened; full value 24952.83516253499568303334964030025867749893642289058 USDC)

10% from mid

Buy side
30,873.60 USDC (shortened; full value 30873.6099287161166049017368422761 USDC)
Sell side
25,590.15 USDC (shortened; full value 25590.15276429597231078449229529948513660208615030064 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.