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keel
Ledger
64,751,953
Methodology
1.0.8-draft
Age
6s

RCW against USDC — what depth stands behind this price?

All assets

RCW / USDC

GCED…FYXG

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
8.51 USDC (shortened; full value 8.512943615794760546148258632634503705157319468386 USDC)Limited by liquidation depth
Depth within 5%
buy8.24 USDC (shortened; full value 8.2427300400453149728086680858 USDC)sell8.40 USDC (shortened; full value 8.400872947616392970899677415644279994908094650883 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 not evaluated

Price

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

Lower at the end of the window than at its start

Lowest
2.45483370 USDC (shortened; full value 2.454833706737397 USDC)
Highest
2.69047270 USDC (shortened; full value 2.6904727067938189 USDC)
2026-09-26T16:51:26Z — 2026-10-03T16:24:07Z
Mid price
2.52013065 USDC (shortened; full value 2.5201306563513839 USDC)
169 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.
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
No genuine trade in 30 daysNO_GENUINE_TRADE_30D80 of 169
No genuine trade in 7 daysNO_GENUINE_TRADE_7D80 of 169

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

8.51 USDC (shortened; full value 8.512943615794760546148258632634503705157319468386 USDC)

Limited by liquidation depth

Liquidation termbinds
8.51 USDC (shortened; full value 8.512943615794760546148258632634503705157319468386 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
not applicable

Not applied: the critical target is not reachable through the order book.