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keel
Ledger
64,752,677
Methodology
1.0.8-draft
Age
8s

VAQM against USDC — what depth stands behind this price?

All assets

VAQM / USDC

GC2B…BVCD

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
9.11 USDC (shortened; full value 9.112056938025193348730507972604131854276082266782 USDC)Limited by liquidation depth
Depth within 5%
buy8.82 USDC (shortened; full value 8.8228266084494156033317219353 USDC)sell8.99 USDC (shortened; full value 8.992099100218173436465568245663962418687030823421 USDC)
Cost to move +50%
764.76 USDC (shortened; full value 764.76460592322 USDC)Reachable through the order book
Checks
7 triggered3 not evaluated

History

Window
Resolution
Source

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Lower at the end of the window than at its start

Lowest
0.25761109 USDC (shortened; full value 0.2576110917704544 USDC)
Highest
0.28925730 USDC (shortened; full value 0.2892573079197195 USDC)
2026-09-11T17:48:23Z — 2026-10-02T10:09:27Z
Mid price
0.28350124 USDC (shortened; full value 0.283501242493906 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW480 of 498
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME480 of 498
Supply is concentratednowHOLDER_CONCENTRATION_HIGH480 of 498
Price sources disagreenowPRICE_SOURCE_CONFLICT200 of 498
Extreme spreadnowSPREAD_EXTREME199 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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.411131 USDC (shortened; full value 0.41113123207070235 USDC)845.05 USDC (shortened; full value 845.0593571349112193964507686493 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)
+100%0.548174 USDC (shortened; full value 0.5481749760942698 USDC)912.75 USDC (shortened; full value 912.7509636688709476604778182128 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)
+1,000%3.014962 USDC (shortened; full value 3.0149623685184839 USDC)1,592.42 USDC (shortened; full value 1592.4267013501707944467111984627 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)
+10,000%27.682836 USDC (shortened; full value 27.6828362927606249 USDC)3,998.01 USDC (shortened; full value 3998.0197498350208769559730039529 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder