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keel
Ledger
64,753,397
Methodology
1.0.8-draft
Age
5s

USDM against USDC — what depth stands behind this price?

All assets

USDM / USDC

GDHD…USDM

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
1,504.69 USDC (shortened; full value 1504.693756467463945587803300513035207944576411974464 USDC)Limited by liquidation depth
Depth within 5%
buy471,084.09 USDC (shortened; full value 471084.0922278586224602143138808608 USDC)sell3,001.18 USDC (shortened; full value 3001.18365761788588108793812654209491568778713773233 USDC)
Cost to move +50%
471,077.06 USDC (shortened; full value 471077.06905271895662717570976 USDC)Reachable through the order book
Checks
1 triggered3 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.

Lower at the end of the window than at its start

Lowest
1,503.23 USDC (shortened; full value 1503.236190825242386258262750202360688277886912841603 USDC)
Highest
3,789.50 USDC (shortened; full value 3789.509053760188407308114134618415313567402970423781 USDC)
2026-09-11T17:48:23Z — 2026-10-02T10:09:22Z
Max safe collateral
1,504.93 USDC (shortened; full value 1504.932785969868601238064984744468368157258482952877 USDC)
498 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Volume may be wash tradedWASH_TRADE_SUSPECTED20 of 498

Not evaluated3

  • 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.

Concentration and wash trading bound how much of the depth is real.

Largest holder
23.2021 % (shortened; full value 23.2021088906902968651082479 %)
Top ten holders
68.3502 % (shortened; full value 68.35028352635196369701817813 %)
Concentration index
847.41 (shortened; full value 847.4167772772129978208121647543180966343777611972614854)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used