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keel
Ledger
64,751,956
Methodology
1.0.8-draft
Age
5s

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 3.41169482420568389936231152577277231323893542363 USDC)Limited by liquidation depth
Depth within 5%
buy3.30 USDC (shortened; full value 3.3034025225740787055853072521 USDC)sell3.36 USDC (shortened; full value 3.366780757365160914295157644971437074892584625765 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
3.32 USDC (shortened; full value 3.327103901003894856750301661474445216538353602682 USDC)
Highest
3.48 USDC (shortened; full value 3.480990911348264618161615640738389942465202064468 USDC)
2026-09-26T17:51:36Z — 2026-10-03T16:39:22Z
Max safe collateral
3.41 USDC (shortened; full value 3.41169482420568389936231152577277231323893542363 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.
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_30D31 of 168
No genuine trade in 7 daysNO_GENUINE_TRADE_7D31 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
1.33 USDC (shortened; full value 1.3310542411828083573538455539 USDC)
Sell side
1.33 USDC (shortened; full value 1.3363781830951382183418912636185992118380161275 USDC)

5% from mid

Buy side
3.30 USDC (shortened; full value 3.3034025225740787055853072521 USDC)
Sell side
3.36 USDC (shortened; full value 3.366780757365160914295157644971437074892584625765 USDC)

10% from mid

Buy side
6.52 USDC (shortened; full value 6.5290452346923363737553167345 USDC)
Sell side
6.82 USDC (shortened; full value 6.82338964841136779872462305154554462647787084726 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.