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keel
Ledger
64,752,486
Methodology
1.0.8-draft
Age
8s

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)
2026-09-11T23:47:54Z — 2026-10-02T10:38:37ZOne 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)
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_LOW21 of 22
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME21 of 22
Supply is concentratednowHOLDER_CONCENTRATION_HIGH21 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.

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