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keel
Ledger
64,752,845
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
8,090.15 USDC (shortened; full value 8090.15675794997901203997818 USDC)Limited by manipulation cost
Depth within 5%
buy28,701.95 USDC (shortened; full value 28701.9570790676640435806469207015 USDC)sell23,516.24 USDC (shortened; full value 23516.248621878615174058088181760798385708607470355572 USDC)
Cost to move +50%
32,360.62 USDC (shortened; full value 32360.62703179991604815991272 USDC)Reachable through the order book
Checks
2 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
7,517.08 USDC (shortened; full value 7517.08440130002918736439815 USDC)
Highest
34,705.45 USDC (shortened; full value 34705.45399090125095897712777 USDC)
2026-09-11T17:47:50Z — 2026-10-02T10:38:27Z
Cost to move +50%
15,742.26 USDC (shortened; full value 15742.26056170088926641222937 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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
32,360.62 USDC (shortened; full value 32360.62703179991604815991272 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0 USDC

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
not computed

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
32,360.62 USDC (shortened; full value 32360.62703179991604815991272 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh