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keel
Ledger
64,751,047
Methodology
1.0.8-draft
Age
5s

EMN against USDC — what depth stands behind this price?

All assets

EMN / USDC

GAKI…V74I

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
3.42 USDC (shortened; full value 3.4200802 USDC)Limited by manipulation cost
Depth within 5%
buy6.23 USDC (shortened; full value 6.237501712234994677100351996 USDC)sell6.35 USDC (shortened; full value 6.357172822651101016446641048685500563161133210062 USDC)
Cost to move +50%
13.68 USDC (shortened; full value 13.6803208 USDC)Reachable through the order book
Checks
5 triggered5 not evaluated

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.

Unchanged across the window

Lowest
2.51 USDC (shortened; full value 2.5133034959318181079613409158 USDC)
Highest
12.32 USDC (shortened; full value 12.3281769485722506015619603334 USDC)
2026-09-26T15:50:51Z — 2026-10-03T15:08:37ZOne scale across every line on this chart
2% from mid
2.51 USDC (shortened; full value 2.5133034959318181079613409158 USDC)
5% from mid
6.23 USDC (shortened; full value 6.237501712234994677100351996 USDC)
10% from mid
12.32 USDC (shortened; full value 12.3281769485722506015619603334 USDC)
169 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
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
No genuine trade in 30 daysNO_GENUINE_TRADE_30D81 of 169
No genuine trade in 7 daysNO_GENUINE_TRADE_7D81 of 169

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

3.42 USDC (shortened; full value 3.4200802 USDC)

Limited by manipulation cost

Liquidation term
6.44 USDC (shortened; full value 6.441979795736203371294595463690566574931224130804 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation termbinds
3.42 USDC (shortened; full value 3.4200802 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.