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keel
Ledger
64,752,493
Methodology
1.0.8-draft
Age
6s

REAL8 against USDC — what depth stands behind this price?

All assets

REAL8 / USDC

GBVY…W4CD

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
27.12 USDC (shortened; full value 27.122231861428902653352575870978031414698827086936 USDC)Limited by liquidation depth
Depth within 5%
buy26.26 USDC (shortened; full value 26.2613316153630727609523276463 USDC)sell26.76 USDC (shortened; full value 26.765174798163580835440565429530499113440931795908 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
2 triggered5 not evaluated

Collateral ceiling

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

Lower at the end of the window than at its start

Lowest
27.06 USDC (shortened; full value 27.063093243316718944527007719528736257606105117798 USDC)
Highest
28.07 USDC (shortened; full value 28.072506760468447869481031451122843405717151883758 USDC)
2026-09-26T17:51:26Z — 2026-10-03T17:09:07Z
Max safe collateral
27.12 USDC (shortened; full value 27.122231861428902653352575870978031414698827086936 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
No genuine trade in 30 daysNO_GENUINE_TRADE_30D79 of 169
No genuine trade in 7 daysNO_GENUINE_TRADE_7D79 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.

Concentration and wash trading bound how much of the depth is real.

Largest holder
25.1295 % (shortened; full value 25.1295927860223155906518995 %)
Top ten holders
92.5928 % (shortened; full value 92.59280746651966175348648791 %)
Concentration index
1,409.05 (shortened; full value 1409.0561930370062867828921836589611512396106874999347951)

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