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keel
Ledger
64,751,045
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%
buy6.35 USDC (shortened; full value 6.3528049791659879538323167553 USDC)sell6.47 USDC (shortened; full value 6.474688268532068876988120850479561859363182148963 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
3 triggered5 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
2.35 USDC (shortened; full value 2.3557542530491164615315196841 USDC)
Highest
12.88 USDC (shortened; full value 12.8881364249353135031515181973 USDC)
2026-09-11T23:47:54Z — 2026-10-02T10:38:32ZOne scale across every line on this chart
2% from mid
2.60 USDC (shortened; full value 2.6019065814269434977334548392 USDC)
5% from mid
6.45 USDC (shortened; full value 6.4573963243977197595193721507 USDC)
10% from mid
12.76 USDC (shortened; full value 12.7627900058259671284740709149 USDC)
22 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW7 of 22
No genuine trade in 30 daysNO_GENUINE_TRADE_30D9 of 22
No genuine trade in 7 daysNO_GENUINE_TRADE_7D9 of 22

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
2.55 USDC (shortened; full value 2.5597631391094049792062163693 USDC)
Sell side
2.57 USDC (shortened; full value 2.5700016627099393963752194785459340583539628605 USDC)

5% from mid

Buy side
6.35 USDC (shortened; full value 6.3528049791659879538323167553 USDC)
Sell side
6.47 USDC (shortened; full value 6.474688268532068876988120850479561859363182148963 USDC)

10% from mid

Buy side
12.55 USDC (shortened; full value 12.5560693232846266147429480883 USDC)
Sell side
13.12 USDC (shortened; full value 13.122125879906397988217780814599890438303367751492 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.