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keel
Ledger
64,751,044
Methodology
1.0.8-draft
Age
10s

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
8,335.16 USDC (shortened; full value 8335.168703975057239425865055 USDC)Limited by manipulation cost
Depth within 5%
buy28,279.81 USDC (shortened; full value 28279.8120218957144922138221952167 USDC)sell23,962.29 USDC (shortened; full value 23962.298157727403314900800433433019966440615763288 USDC)
Cost to move +50%
33,340.67 USDC (shortened; full value 33340.67481590022895770346022 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.

Higher at the end of the window than at its start

Lowest
8.92 USDC (shortened; full value 8.9242269977599002243213224007 USDC)
Highest
34,486.26 USDC (shortened; full value 34486.2695639108925398153861659588 USDC)
2026-09-26T15:50:46Z — 2026-10-03T15:08:27ZOne scale across every line on this chart
2% from mid
22,295.31 USDC (shortened; full value 22295.3139295649454829702957592656 USDC)
5% from mid
28,034.97 USDC (shortened; full value 28034.9752296721058032645880662326 USDC)
10% from mid
31,984.27 USDC (shortened; full value 31984.2794878422842577181468832933 USDC)
169 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_LOW157 of 169
Cheap to move the priceMANIPULATION_CHEAP24 of 169

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
46.4209 % (shortened; full value 46.42091162112765094509173064 %)
Top ten holders
83.7797 % (shortened; full value 83.77978939029455638662194886 %)
Concentration index
2,362.37 (shortened; full value 2362.3745644285827277818176675982596074150493305389583255)

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