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keel
Ledger
64,750,155
Methodology
1.0.8-draft
Age
8s

THE1 against USDC — what depth stands behind this price?

All assets

THE1 / USDC

GBGR…IEVW

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
17.54 USDC (shortened; full value 17.549003530138294002304692003512285418771359392068 USDC)Limited by liquidation depth
Depth within 5%
buy16.99 USDC (shortened; full value 16.9919718841257290637149992882 USDC)sell17.31 USDC (shortened; full value 17.317975505021564976547963228405157000789672141254 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 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
6.96 USDC (shortened; full value 6.9655508711154465336544271516 USDC)
Highest
117.13 USDC (shortened; full value 117.1352217708005663157009273864 USDC)
2026-09-26T14:51:36Z — 2026-10-03T13:54:22ZOne scale across every line on this chart
2% from mid
6.96 USDC (shortened; full value 6.9655508711154465336544271516 USDC)
5% from mid
17.28 USDC (shortened; full value 17.2870628459990894524778194409 USDC)
10% from mid
34.16 USDC (shortened; full value 34.1672001898661235275423220579 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_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME69 of 168

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.

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
6.84 USDC (shortened; full value 6.8466485957638533135324000826 USDC)
Sell side
6.87 USDC (shortened; full value 6.874033775338195939354295494087621937535422809 USDC)

5% from mid

Buy side
16.99 USDC (shortened; full value 16.9919718841257290637149992882 USDC)
Sell side
17.31 USDC (shortened; full value 17.317975505021564976547963228405157000789672141254 USDC)

10% from mid

Buy side
33.58 USDC (shortened; full value 33.5839645032508735630802533259 USDC)
Sell side
35.09 USDC (shortened; full value 35.098007060276588004609384007024570837542718784136 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.