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keel
Ledger
64,753,566
Methodology
1.0.8-draft
Age
9s

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

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Unchanged across the window

Lowest
3.42 USDC (shortened; full value 3.4200802 USDC)
Highest
3.42 USDC (shortened; full value 3.4200802 USDC)
2026-09-26T23:50:51Z — 2026-10-03T18:38:37Z
Max safe collateral
3.42 USDC (shortened; full value 3.4200802 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.
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_30D4 of 8
No genuine trade in 7 daysNO_GENUINE_TRADE_7D4 of 8

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.

Concentration and wash trading bound how much of the depth is real.

Largest holder
70.7749 % (shortened; full value 70.77493888173603829442509279 %)
Top ten holders
99.9990 % (shortened; full value 99.9990081631325201908297173 %)
Concentration index
5,193.87 (shortened; full value 5193.8704318713908124231875474630032190407772002488436531)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used