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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

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Higher at the end of the window than at its start

Lowest
0.59653605 USDC
Highest
0.64264315 USDC
2026-09-11T23:48:00Z — 2026-10-02T10:38:37Z
Mid price
0.62806552 USDC (shortened; full value 0.6280655246753247 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
Supply is concentratednowHOLDER_CONCENTRATION_HIGH7 of 22
Nothing tradable within 2%ZERO_DEPTH_2PCT10 of 22
Extreme spreadSPREAD_EXTREME8 of 22

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.

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
3.77 USDC (shortened; full value 3.7774252455967969831703447505 USDC)
Sell side
0.50 USDC (shortened; full value 0.5055768952276576608309114858516889006940165541 USDC)

5% from mid

Buy side
8.93 USDC (shortened; full value 8.9370676722214873149531459021 USDC)
Sell side
134.00 USDC (shortened; full value 134.0086282471217569972119143933923705179448761622 USDC)

10% from mid

Buy side
16.15 USDC (shortened; full value 16.158382680729715543088796456 USDC)
Sell side
139.54 USDC (shortened; full value 139.546011379422163631904491458203955603279505090125 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.