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keel
Ledger
64,753,578
Methodology
1.0.8-draft
Age
8s

XH5 against USDC — what depth stands behind this price?

All assets

XH5 / USDC

GA6N…RFBF

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy23.41 USDC (shortened; full value 23.4136089276536176454616048246 USDC)sell23.86 USDC (shortened; full value 23.862816432274372745692045714270446722929347437647 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
5 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.

Higher at the end of the window than at its start

Lowest
8.65 USDC (shortened; full value 8.65145066305042713046063015 USDC)
Highest
46.88 USDC (shortened; full value 46.8802213993781633651842354309 USDC)
2026-09-11T23:48:28Z — 2026-10-02T10:09:32ZOne scale across every line on this chart
2% from mid
9.55 USDC (shortened; full value 9.5550513444987165315917844333 USDC)
5% from mid
23.71 USDC (shortened; full value 23.7136697650226302891130839747 USDC)
10% from mid
46.86 USDC (shortened; full value 46.8691361462495630177048704536 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
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW21 of 22
No genuine trade in 30 daysNO_GENUINE_TRADE_30D5 of 22
No genuine trade in 7 daysNO_GENUINE_TRADE_7D5 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.

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

Largest holder
32.5876 % (shortened; full value 32.58767616589449565635981505 %)
Top ten holders
57.1579 % (shortened; full value 57.15797671101268844029595185 %)
Concentration index
1,187.37 (shortened; full value 1187.3720122213468648024112478156734681328522789558008826)

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