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keel
Ledger
64,750,878
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
16.74 USDC (shortened; full value 16.741540964969732682907145968955560129238499171522 USDC)Limited by liquidation depth
Depth within 5%
buy16.21 USDC (shortened; full value 16.2101393896900686232586839589 USDC)sell16.52 USDC (shortened; full value 16.521142972576298161069696437962961376719440527891 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 not evaluated

History

Window
Resolution
Source

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
16.93 USDC (shortened; full value 16.934537772822627308540019452596727418416791760274 USDC)
Highest
61.20 USDC (shortened; full value 61.207973828114655846013664863767276968493502816368 USDC)
2026-09-26T15:51:41Z — 2026-10-03T14:54:22Z
Max safe collateral
16.93 USDC (shortened; full value 16.934537772822627308540019452596727418416791760274 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_EXTREME70 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
6.53 USDC (shortened; full value 6.5316214531429729536551074177 USDC)
Sell side
6.55 USDC (shortened; full value 6.5577465892448343741363890823989797405475225485 USDC)

5% from mid

Buy side
16.21 USDC (shortened; full value 16.2101393896900686232586839589 USDC)
Sell side
16.52 USDC (shortened; full value 16.521142972576298161069696437962961376719440527891 USDC)

10% from mid

Buy side
32.03 USDC (shortened; full value 32.0387033105140140350763811177 USDC)
Sell side
33.48 USDC (shortened; full value 33.483081929939465365814291937911120258476998343044 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.