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keel
Ledger
64,750,147
Methodology
1.0.8-draft
Age
7s

EURC against USDC — what depth stands behind this price?

All assets

EURC / USDC

GDHU…NPP2

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
14,236.38 USDC (shortened; full value 14236.386526105226761388373855222355764878019043356777 USDC)Limited by liquidation depth
Depth within 5%
buy105,299.05 USDC (shortened; full value 105299.0596405784868555983968007179 USDC)sell26,035.78 USDC (shortened; full value 26035.78170776381872074740524770284628079531084057805 USDC)
Cost to move +50%
106,206.64 USDC (shortened; full value 106206.646779496430340688849 USDC)Reachable through the order book
Checks
1 triggered3 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.

Lower at the end of the window than at its start

Lowest
25,734.92 USDC (shortened; full value 25734.9239762461685256211515809608 USDC)
Highest
310,182.81 USDC (shortened; full value 310182.8182521137007454226560194727 USDC)
2026-09-26T14:50:56Z — 2026-10-03T13:53:37ZOne scale across every line on this chart
2% from mid
68,518.72 USDC (shortened; full value 68518.7216164393305746082110884974 USDC)
5% from mid
105,785.10 USDC (shortened; full value 105785.1069968072343141486883927947 USDC)
10% from mid
106,538.95 USDC (shortened; full value 106538.9504367498616522545242203212 USDC)
168 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.
Thin depth at 5%nowTHIN_DEPTH_5PCT108 of 168

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
28.0606 % (shortened; full value 28.06064963971559471333948649 %)
Top ten holders
71.2854 % (shortened; full value 71.28542458979417745537372816 %)
Concentration index
1,456.40 (shortened; full value 1456.4055959068791900398958507465167641592793386210344004)

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