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keel
Ledger
64,752,856
Methodology
1.0.8-draft
Age
4s

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 3.41374133427942940903427676340717926870134982363 USDC)Limited by liquidation depth
Depth within 5%
buy3.30 USDC (shortened; full value 3.305384073354095543163811073 USDC)sell3.36 USDC (shortened; full value 3.368800325670964618174214461289037862905367825765 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.

Higher at the end of the window than at its start

Lowest
3.34 USDC (shortened; full value 3.340393937422798196560043914672283985311272716282 USDC)
Highest
3.45 USDC (shortened; full value 3.45226482711692692218991494685452058328236684914 USDC)
2026-09-26T23:51:41Z — 2026-10-03T17:39:22Z
Max safe collateral
3.41 USDC (shortened; full value 3.41374133427942940903427676340717926870134982363 USDC)
8 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_30D2 of 8
No genuine trade in 7 daysNO_GENUINE_TRADE_7D2 of 8

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%0.726790 USDC (shortened; full value 0.72679004672125785 USDC)30.08 USDC (shortened; full value 30.0816284403550944561145854429 USDC)unreachablebook ends at 0 USDC
+100%0.969053 USDC (shortened; full value 0.9690533956283438 USDC)55.44 USDC (shortened; full value 55.4416143118699506233599848424 USDC)unreachablebook ends at 0 USDC
+1,000%5.329793 USDC (shortened; full value 5.3297936759558909 USDC)310.07 USDC (shortened; full value 310.0753567709429076217030853626 USDC)unreachablebook ends at 0 USDC
+10,000%48.937196 USDC (shortened; full value 48.9371964792313619 USDC)1,211.30 USDC (shortened; full value 1211.3068217323273713484358556251 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