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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

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Lower at the end of the window than at its start

Lowest
3.54 USDC (shortened; full value 3.5440325639117472518233083649 USDC)
Highest
782.35 USDC (shortened; full value 782.3504706748766617087854764887 USDC)
2026-10-02T17:54:32Z — 2026-10-03T17:24:27ZOne scale across every line on this chart
2% from mid
3.55 USDC (shortened; full value 3.5544422036744718025671997373 USDC)
5% from mid
8.82 USDC (shortened; full value 8.8213935831255076016685586228 USDC)
10% from mid
782.19 USDC (shortened; full value 782.1997435861808350871326882358 USDC)
25 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
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
3.55 USDC (shortened; full value 3.5550196187554604195550084317 USDC)
Sell side
3.56 USDC (shortened; full value 3.5692389626122730168692730772661890893773288035 USDC)

5% from mid

Buy side
8.82 USDC (shortened; full value 8.8228266084494156033317219353 USDC)
Sell side
8.99 USDC (shortened; full value 8.992099100218173436465568245663962418687030823421 USDC)

10% from mid

Buy side
782.20 USDC (shortened; full value 782.2025759044037334489237879806 USDC)
Sell side
18.22 USDC (shortened; full value 18.224113876050386697461015945208263708552164533564 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.