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keel
Ledger
64,751,776
Methodology
1.0.8-draft
Age
7s

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
15.76 USDC (shortened; full value 15.763720081267774381504231729556383205835185798988 USDC)Limited by liquidation depth
Depth within 5%
buy15.26 USDC (shortened; full value 15.2633560048078322166564802132 USDC)sell15.55 USDC (shortened; full value 15.556194844144551943855563300403297753839082746514 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 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
15.94 USDC (shortened; full value 15.940980572233939525432301852932705630080728189208 USDC)
Highest
61.20 USDC (shortened; full value 61.207973828114655846013664863767276968493502816368 USDC)
2026-09-26T16:51:41Z — 2026-10-03T16:09:22Z
Max safe collateral
15.94 USDC (shortened; full value 15.940980572233939525432301852932705630080728189208 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
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME72 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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.172519 USDC (shortened; full value 0.17251993040858385 USDC)138.90 USDC (shortened; full value 138.908699836379057884929461581 USDC)unreachablebook ends at 0 USDC
+100%0.230026 USDC (shortened; full value 0.2300265738781118 USDC)256.01 USDC (shortened; full value 256.0141508350114784682909863353 USDC)unreachablebook ends at 0 USDC
+1,000%1.265146 USDC (shortened; full value 1.2651461563296149 USDC)1,431.84 USDC (shortened; full value 1431.8428520502201778951379993914 USDC)unreachablebook ends at 0 USDC
+10,000%11.616341 USDC (shortened; full value 11.6163419808446459 USDC)5,593.48 USDC (shortened; full value 5593.4822824966707559427438347138 USDC)unreachablebook ends at 0 USDC

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder