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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

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Higher at the end of the window than at its start

Lowest
0.47213431 USDC (shortened; full value 0.4721343123255378 USDC)
Highest
0.49579569 USDC (shortened; full value 0.4957956970348386 USDC)
2026-09-26T23:51:41Z — 2026-10-03T17:54:22Z
Mid price
0.48452669 USDC (shortened; full value 0.4845266978141719 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.

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 1.3318526759941389728271726225 USDC)
Sell side
1.33 USDC (shortened; full value 1.3371798114807235755771953787685233487152161275 USDC)

5% from mid

Buy side
3.30 USDC (shortened; full value 3.305384073354095543163811073 USDC)
Sell side
3.36 USDC (shortened; full value 3.368800325670964618174214461289037862905367825765 USDC)

10% from mid

Buy side
6.53 USDC (shortened; full value 6.5329616919176243614778004668 USDC)
Sell side
6.82 USDC (shortened; full value 6.82748266855885881806855352681435853740269964726 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.