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keel
Ledger
64,751,778
Methodology
1.0.8-draft
Age
6s

USDZ against USDC — what depth stands behind this price?

All assets

USDZ / USDC

GAKT…6XPR

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
1,175.50 USDC (shortened; full value 1175.508871201907209666005805 USDC)Limited by manipulation cost
Depth within 5%
buy5,139.05 USDC (shortened; full value 5139.057002591018783663984715329 USDC)sell4,395.11 USDC (shortened; full value 4395.116421801296157853304897659799947570552625205222 USDC)
Cost to move +50%
4,702.03 USDC (shortened; full value 4702.03548480762883866402322 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Higher at the end of the window than at its start

Lowest
4,425.18 USDC (shortened; full value 4425.18929225071600013848234 USDC)
Highest
4,888.59 USDC (shortened; full value 4888.59106732151999314932042 USDC)
2026-09-26T16:51:46Z — 2026-10-03T16:09:27Z
Cost to move +50%
4,681.99 USDC (shortened; full value 4681.99779231057167676032498 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

1,175.50 USDC (shortened; full value 1175.508871201907209666005805 USDC)

Limited by manipulation cost

Liquidation term
2,431.69 USDC (shortened; full value 2431.6997334825021622355072258403488785622171789686305 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation termbinds
1,175.50 USDC (shortened; full value 1175.508871201907209666005805 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.