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keel
Ledger
64,754,297
Methodology
1.0.8-draft
Age
8s

VELO against USDC — what depth stands behind this price?

All assets

VELO / USDC

GDM4…2M5M

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
103.74 USDC (shortened; full value 103.749980217934243794629189565053332269322363229945 USDC)Limited by liquidation depth
Depth within 5%
buy10.08 USDC (shortened; full value 10.0808000515227859006968304492 USDC)sell189.78 USDC (shortened; full value 189.7852984911150884166185274232010670606947928255 USDC)
Cost to reach the critical move
The engine sent no critical rung
Checks
2 triggered3 not evaluated

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Higher at the end of the window than at its start

Lowest
12.97 USDC (shortened; full value 12.979087208226494880963004756834366733213343172821 USDC)
Highest
113.94 USDC (shortened; full value 113.94575357451219542701273507630098269657163631734 USDC)
2026-09-26T23:51:51Z — 2026-10-03T19:39:32Z
Max safe collateral
102.87 USDC (shortened; full value 102.87506537884257708047463357302547106446940745906 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 next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap to move the priceMANIPULATION_CHEAP3 of 8
Nothing tradable within 2%ZERO_DEPTH_2PCT1 of 8

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.

Concentration and wash trading bound how much of the depth is real.

Largest holder
10.2201 % (shortened; full value 10.22013550735092340952568305 %)
Top ten holders
48.4699 % (shortened; full value 48.46998698700437602780376035 %)
Concentration index
314.54 (shortened; full value 314.5429975676634265665752955668642279753009377609790699)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used