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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

History

Window
Resolution
Source

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
176.83 USDC (shortened; full value 176.8354687418516287127188523027 USDC)
Highest
34,486.26 USDC (shortened; full value 34486.2695639108925398153861659588 USDC)
2026-10-02T16:53:27Z — 2026-10-03T16:38:27ZOne scale across every line on this chart
2% from mid
20,945.64 USDC (shortened; full value 20945.6491080999970634134885779997 USDC)
5% from mid
27,523.71 USDC (shortened; full value 27523.7105834004211724831670779282 USDC)
10% from mid
32,352.07 USDC (shortened; full value 32352.0740053356490185562552837522 USDC)
25 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_LOW13 of 25

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
32,375.59 USDC (shortened; full value 32375.59533780016574828117354 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
1.03 USDC (shortened; full value 1.0325654 USDC)

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

Cost against genuine volume
31,354.5227 (shortened; full value 31354.5227622387557710932145702345)

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
32,376.62 USDC (shortened; full value 32376.62790320016574828117354 USDC)

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