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keel
Ledger
64,752,676
Methodology
1.0.8-draft
Age
9s

USDT against USDC — what depth stands behind this price?

All assets

USDT / USDC

GCQT…TG6V

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy10.81 USDC (shortened; full value 10.8141271335071388270995520521 USDC)sell11.02 USDC (shortened; full value 11.021604207174191047570352654319588884698007491053 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
7 triggered3 not evaluated

History

Source

Every stored reading from this source, whenever it was taken

A reconstruction is written where a replay ran rather than on the scan's cadence, so there is no window to choose: the engine returns the readings it holds and the axis below is labelled from them.

No readings were stored in this range from this source

The engine holds no stored reading for Offers implied on this asset. A reconstruction exists only where keel replay has been run, and it has been run on one pair.

Checks

What fires now, how long it has been firing across the window above, and what could not run.

Triggered7

  • Cheap to move the price
  • Cheap next to real trading
  • Price sources disagree
  • Extreme spread
  • One holder owns most of it
  • Thin depth at 5%
  • Supply is concentrated

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
84.8179 % (shortened; full value 84.81798694903785359630387124 %)
Top ten holders
93.9378 % (shortened; full value 93.93781620613904049334648343 %)
Concentration index
7,208.32 (shortened; full value 7208.3256184977695152882915630448724491753644435179604754)

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