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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

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
0.46780528 USDC (shortened; full value 0.4678052884474027 USDC)
Highest
0.50395276 USDC (shortened; full value 0.5039527683465751 USDC)
2026-09-26T15:51:41Z — 2026-10-03T15:09:32Z
Mid price
0.48728807 USDC (shortened; full value 0.487288075764401 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.

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 1.3341444344115798942162260656 USDC)
Sell side
1.33 USDC (shortened; full value 1.339480736458259528248350765914933910250725349 USDC)

5% from mid

Buy side
3.31 USDC (shortened; full value 3.3110717458043010972969072946 USDC)
Sell side
3.37 USDC (shortened; full value 3.374597120348177194219199578196671771749294620494 USDC)

10% from mid

Buy side
6.54 USDC (shortened; full value 6.5442031529426553203474767077 USDC)
Sell side
6.83 USDC (shortened; full value 6.839230920567229318892953149022470052121510968296 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.