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keel
Ledger
64,752,125
Methodology
1.0.8-draft
Age
8s

BEER against USDC — what depth stands behind this price?

All assets

BEER / USDC

GBL2…SHNN

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy6.34 USDC (shortened; full value 6.3476405376761843206828714408 USDC)sell6.46 USDC (shortened; full value 6.469424743390464151207030534741610835595015774173 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
3 triggered5 not evaluated

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
0.00000296 USDC (shortened; full value 0.0000029692628464 USDC)
Highest
0.00000308 USDC (shortened; full value 0.0000030821677418 USDC)
2026-10-02T16:53:32Z — 2026-10-03T16:38:27Z
Mid price
0.00000300 USDC (shortened; full value 0.0000030005246865 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • 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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.000004 USDC (shortened; full value 0.00000450078702975 USDC)57.76 USDC (shortened; full value 57.7685860068749750087403035244 USDC)free to reach
+100%0.000006 USDC (shortened; full value 0.000006001049373 USDC)106.46 USDC (shortened; full value 106.4697568180402322610994716674 USDC)free to reach
+1,000%0.000033 USDC (shortened; full value 0.0000330057715515 USDC)595.46 USDC (shortened; full value 595.4669293170490002655194119894 USDC)free to reach
+10,000%0.000303 USDC (shortened; full value 0.0003030529933365 USDC)2,326.18 USDC (shortened; full value 2326.1866441407422316396472240667 USDC)free to reach

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder