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keel
Ledger
64,751,047
Methodology
1.0.8-draft
Age
7s

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 25.3273311402418514146638975 USDC)Limited by manipulation cost
Depth within 5%
buy8.90 USDC (shortened; full value 8.906830858928211498017386914 USDC)sell134.03 USDC (shortened; full value 134.038679974623242831160043953853887074992167520014 USDC)
Cost to move +50%
101.30 USDC (shortened; full value 101.30932456096740565865559 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

History

Window
Resolution
Source

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.

Higher at the end of the window than at its start

Lowest
2.25 USDC (shortened; full value 2.2578825109039133000045995683 USDC)
Highest
16.81 USDC (shortened; full value 16.8188483743018516090420961318 USDC)
2026-10-02T15:53:37Z — 2026-10-03T15:08:37ZOne scale across every line on this chart
2% from mid
3.78 USDC (shortened; full value 3.7826577204922060507865942864 USDC)
5% from mid
8.94 USDC (shortened; full value 8.9422981875211993153587140618 USDC)
10% from mid
16.16 USDC (shortened; full value 16.1636099912427077840305894755 USDC)
25 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
Nothing tradable within 2%ZERO_DEPTH_2PCT5 of 25

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
3.74 USDC (shortened; full value 3.7471895999369463585512973958 USDC)
Sell side
0.53 USDC (shortened; full value 0.535629824730805514579393338079922761153580108501 USDC)

5% from mid

Buy side
8.90 USDC (shortened; full value 8.906830858928211498017386914 USDC)
Sell side
134.03 USDC (shortened; full value 134.038679974623242831160043953853887074992167520014 USDC)

10% from mid

Buy side
16.12 USDC (shortened; full value 16.1281439578506510841363647153 USDC)
Sell side
139.57 USDC (shortened; full value 139.576061060605503182116021993806992058967462382676 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.