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keel
Ledger
64,753,398
Methodology
1.0.8-draft
Age
9s

XAU against USDC — what depth stands behind this price?

All assets

XAU / USDC

GBCB…LXAU

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
12.60 USDC (shortened; full value 12.6086921500010565411 USDC)Limited by manipulation cost
Depth within 5%
buy67.69 USDC (shortened; full value 67.6916104291611428086531270011 USDC)sell25.24 USDC (shortened; full value 25.244537310546419492741898319265589567926407733888 USDC)
Cost to move +50%
50.43 USDC (shortened; full value 50.4347686000042261644 USDC)Reachable through the order book
Checks
2 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.

Lower at the end of the window than at its start

Lowest
50.43 USDC (shortened; full value 50.4332369000100572542 USDC)
Highest
50.43 USDC (shortened; full value 50.4354932000039780234 USDC)
2026-09-26T23:51:56Z — 2026-10-03T18:24:32Z
Cost to move +50%
50.43 USDC (shortened; full value 50.4338464000104706424 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 to move the pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout

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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
50.43 USDC (shortened; full value 50.4347686000042261644 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0 USDC

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
not computed

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
50.43 USDC (shortened; full value 50.4347686000042261644 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh