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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)
2026-09-25T10:54:59Z — 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)
198 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_30D62 of 198
No genuine trade in 7 daysNO_GENUINE_TRADE_7D62 of 198

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.