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keel
Ledger
64,752,497
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
1,176.13 USDC (shortened; full value 1176.136258809430352364972875 USDC)Limited by manipulation cost
Depth within 5%
buy5,141.56 USDC (shortened; full value 5141.566089736690135416488911672 USDC)sell4,392.61 USDC (shortened; full value 4392.614207332617989406104088826452126415367626893043 USDC)
Cost to move +50%
4,704.54 USDC (shortened; full value 4704.5450352377214094598915 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
4,445.18 USDC (shortened; full value 4445.189292185541689 USDC)
Highest
4,779.73 USDC (shortened; full value 4779.73723425752812234906579 USDC)
2026-09-26T23:51:46Z — 2026-10-03T17:09:27Z
Cost to move +50%
4,702.03 USDC (shortened; full value 4702.03548480762883866402322 USDC)
8 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.

1,176.13 USDC (shortened; full value 1176.136258809430352364972875 USDC)

Limited by manipulation cost

Liquidation term
2,430.44 USDC (shortened; full value 2430.4486204066927441370822513643645767115763300155345 USDC)

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

Manipulation termbinds
1,176.13 USDC (shortened; full value 1176.136258809430352364972875 USDC)

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