Skip to content
keel
Ledger
64,753,024
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
8,094.52 USDC (shortened; full value 8094.5207931250195258061876125 USDC)Limited by manipulation cost
Depth within 5%
buy28,087.72 USDC (shortened; full value 28087.7290804923400703967265169054 USDC)sell23,076.41 USDC (shortened; full value 23076.410364439433154634871904564405511355294937031416 USDC)
Cost to move +50%
32,378.08 USDC (shortened; full value 32378.08317250007810322475045 USDC)Reachable through the order book
Checks
2 triggered3 not evaluated

History

Window
Resolution
Source

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Lower at the end of the window than at its start

Lowest
0.00035595 USDC (shortened; full value 0.0003559581726859 USDC)
Highest
0.00037680 USDC (shortened; full value 0.00037680000000755 USDC)
2026-09-26T23:50:46Z — 2026-10-03T17:53:27Z
Mid price
0.00035914 USDC (shortened; full value 0.0003591420508099 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Cheap next to real tradingMANIPULATION_RATIO_LOW7 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.

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
32,378.08 USDC (shortened; full value 32378.08317250007810322475045 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0.91 USDC (shortened; full value 0.915055 USDC)

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

Cost against genuine volume
35,383.7563 (shortened; full value 35383.7563561753972200848587789805)

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
32,378.99 USDC (shortened; full value 32378.99822750007810322475045 USDC)

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