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keel
Ledger
64,752,497
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 9.110576935195649294500274882182040303198690436936 USDC)Limited by liquidation depth
Depth within 5%
buy8.82 USDC (shortened; full value 8.8213935831255076016685586228 USDC)sell8.99 USDC (shortened; full value 8.990638581237401167130422390776338689808991220908 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
3.58 USDC (shortened; full value 3.5856820345723858018225862106 USDC)
Highest
927.24 USDC (shortened; full value 927.2405979707412128932622425163 USDC)
2026-09-11T23:48:22Z — 2026-10-02T10:09:27ZOne scale across every line on this chart
2% from mid
3.61 USDC (shortened; full value 3.6153228061401684959183829474 USDC)
5% from mid
773.73 USDC (shortened; full value 773.7370926245209907659350323642 USDC)
10% from mid
782.49 USDC (shortened; full value 782.4983731950393245072528708615 USDC)
22 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_LOW21 of 22
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME21 of 22
Supply is concentratednowHOLDER_CONCENTRATION_HIGH21 of 22
Price sources disagreenowPRICE_SOURCE_CONFLICT9 of 22
Extreme spreadnowSPREAD_EXTREME9 of 22

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 3.5544422036744718025671997373 USDC)
Sell side
3.56 USDC (shortened; full value 3.568659237990278952278756214881635139854962018 USDC)

5% from mid

Buy side
8.82 USDC (shortened; full value 8.8213935831255076016685586228 USDC)
Sell side
8.99 USDC (shortened; full value 8.990638581237401167130422390776338689808991220908 USDC)

10% from mid

Buy side
782.19 USDC (shortened; full value 782.1997435861808350871326882358 USDC)
Sell side
18.22 USDC (shortened; full value 18.221153870391298589000549764364080606397380873872 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.