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keel
Ledger
64,751,056
Methodology
1.0.8-draft
Age
9s

TREAD against USDC — what depth stands behind this price?

All assets

TREAD / USDC

GANM…6VLM

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
3.41 USDC (shortened; full value 3.419615460283614659446476574511235026060755484148 USDC)Limited by liquidation depth
Depth within 5%
buy3.31 USDC (shortened; full value 3.3110717458043010972969072946 USDC)sell3.37 USDC (shortened; full value 3.374597120348177194219199578196671771749294620494 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 not evaluated

History

Window
Resolution
Source

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.

Higher at the end of the window than at its start

Lowest
1.29 USDC (shortened; full value 1.2980515510551750630112469543 USDC)
Highest
6.66 USDC (shortened; full value 6.6616588800662096585410805842 USDC)
2026-09-26T15:51:41Z — 2026-10-03T15:09:32ZOne scale across every line on this chart
2% from mid
1.33 USDC (shortened; full value 1.3356326640035939108052326134 USDC)
5% from mid
3.31 USDC (shortened; full value 3.3147652251805133064277488409 USDC)
10% from mid
6.55 USDC (shortened; full value 6.5515031697453009541329997701 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_30D33 of 169
No genuine trade in 7 daysNO_GENUINE_TRADE_7D33 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%0.729301 USDC (shortened; full value 0.7293016914163986 USDC)30.13 USDC (shortened; full value 30.1333907909747341497536833242 USDC)unreachablebook ends at 0 USDC
+100%0.972402 USDC (shortened; full value 0.9724022552218648 USDC)55.53 USDC (shortened; full value 55.53701434264354960820511288 USDC)unreachablebook ends at 0 USDC
+1,000%5.348212 USDC (shortened; full value 5.3482124037202564 USDC)310.60 USDC (shortened; full value 310.6089126376909895935115119836 USDC)unreachablebook ends at 0 USDC
+10,000%49.106313 USDC (shortened; full value 49.1063138887041724 USDC)1,213.39 USDC (shortened; full value 1213.3911533215825835253547379998 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