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keel
Ledger
64,750,881
Methodology
1.0.8-draft
Age
4s

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
98.34 USDC (shortened; full value 98.345366570760704386525166759972349093308954559445 USDC)Limited by liquidation depth
Depth within 5%
buy29.24 USDC (shortened; full value 29.2432539273534238056625392772 USDC)sell0 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
124.29 USDC (shortened; full value 124.29041400414198356714216 USDC)
Highest
15,191.30 USDC (shortened; full value 15191.30535800825609349561913 USDC)
2026-09-26T15:51:51Z — 2026-10-03T14:54:32Z
Cost to move +50%
14,667.01 USDC (shortened; full value 14667.01803680759626700150449 USDC)
168 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
Nothing tradable within 2%nowZERO_DEPTH_2PCT57 of 168
Cheap to move the priceMANIPULATION_CHEAP78 of 168

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
21.60 USDC (shortened; full value 21.606966658084169254966957657 USDC)
Sell side
0 USDC

5% from mid

Buy side
29.24 USDC (shortened; full value 29.2432539273534238056625392772 USDC)
Sell side
0 USDC

10% from mid

Buy side
63.00 USDC (shortened; full value 63.0091680031729614143533175489 USDC)
Sell side
196.69 USDC (shortened; full value 196.69073314152140877305033351994469818661790911889 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.