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keel
Ledger
64,753,398
Methodology
1.0.8-draft
Age
6s

VELO against USDC — what depth stands behind this price?

All assets

VELO / USDC

GDM4…2M5M

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
94.87 USDC (shortened; full value 94.8746944735015342240759985417189647087902650956 USDC)Limited by liquidation depth
Depth within 5%
buy37.51 USDC (shortened; full value 37.5114218668636084981165293453 USDC)sell176.51 USDC (shortened; full value 176.51399109470726236159033431261884360155147251245 USDC)
Cost to reach the critical move
The engine sent no critical rung
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
100.27 USDC (shortened; full value 100.27926720344698975170535 USDC)
Highest
15,191.30 USDC (shortened; full value 15191.30535800825609349561913 USDC)
2026-09-11T17:48:23Z — 2026-10-02T10:09:32Z
Cost to move +50%
14,639.72 USDC (shortened; full value 14639.7240432071662097526738 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW141 of 498
Nothing tradable within 2%nowZERO_DEPTH_2PCT139 of 498
Cheap to move the priceMANIPULATION_CHEAP436 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.

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
16.54 USDC (shortened; full value 16.5426498986118885427771961558 USDC)
Sell side
0 USDC

5% from mid

Buy side
37.51 USDC (shortened; full value 37.5114218668636084981165293453 USDC)
Sell side
176.51 USDC (shortened; full value 176.51399109470726236159033431261884360155147251245 USDC)

10% from mid

Buy side
71.13 USDC (shortened; full value 71.139727587094066247878277186 USDC)
Sell side
189.74 USDC (shortened; full value 189.7493889470030684481519970834379294175805301912 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.