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keel
Ledger
64,752,847
Methodology
1.0.8-draft
Age
6s

EURC against USDC — what depth stands behind this price?

All assets

EURC / USDC

GAQR…Z7NM

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
25.32 USDC (shortened; full value 25.3273325942410514146638975 USDC)Limited by manipulation cost
Depth within 5%
buy8.93 USDC (shortened; full value 8.9370676722214873149531459021 USDC)sell134.00 USDC (shortened; full value 134.0086282471217569972119143933923705179448761622 USDC)
Cost to move +50%
101.30 USDC (shortened; full value 101.30933037696420565865559 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

History

Window
Resolution
Source

Collateral ceiling

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

Higher at the end of the window than at its start

Lowest
24.82 USDC (shortened; full value 24.8215555592615489146638975 USDC)
Highest
25.32 USDC (shortened; full value 25.3279918374783314146638975 USDC)
2026-09-26T23:50:56Z — 2026-10-03T17:38:37Z
Max safe collateral
25.32 USDC (shortened; full value 25.3273323943161614146638975 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

Not evaluated3

  • 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
42.0492 % (shortened; full value 42.04921762508197969548139698 %)
Top ten holders
92.9114 % (shortened; full value 92.91146285416692187981568013 %)
Concentration index
2,440.78 (shortened; full value 2440.7819847413632946421231224091281229993611502842394145)

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