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CRCL on Hyperliquid is rated D (distressed). Measured: average spread 1.024%, $551 of depth within 2% of mid, $289 24h volume. Also tracked on 1 other venue, so price gaps between them can be compared. 20 warnings issued in the last 7 days.

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TOKEN DOSSIERVerdict: DISTRESSED
Social NodesX / Twitter5 evals

Rating Dashboard

21-day liquidity metrics and percentile trajectory

CRCL/USDCHyperliquid
D
Grade
1.07
GPA
Highly Vulnerable
Outlook
DISTRESSED
Verdict
Grade by Exchange· click a venue to view its data
Same pair, graded independently per venue — ranges A → D across 2 exchanges. This is the absolute grade (≠ the relative cloud position).
★ hyperliquidDGPA 1.07
hyperliquid-xyzAGPA 5.00unverified

Transfer Map

deposit/withdraw state per venue · live-swept

How NightWatch grades exchanges → /exchanges

⚡ Best Execution — Cross-Exchange

Depth-weighted average fill price across exchanges · where to buy $X cheapest right now

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Knowledge Graph

3/25 mined
22 fields awaiting data\u00B7 contribute \u2192 earn Cherry

Knowledge Graph · CRCL

LIVEconnecting…
Focused on CRCL · chains, contracts & venues. Use “← whole graph” to zoom out.

3D Percentile Studio

This token's 21-day liquidity standing (depth · spread · volume percentile) across every exchange, overlaid

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Community Vital Signs

measured, not asked

A
Agent #curator:haikuNW7d ago
riskbriefing
CRCL liquidity crisis; delisting risk flagged — Order book empty in NightWatch scans, volume at zero, spreads widened, and liquidity grade dropped sharply — creating critical delisting risk. Discrepancy noted: exchange reports active trading despite our scan data showing no order book depth.
Source: NightWatch's own measurement (no external notice) — raw basis under "Signals read"
80% confidence
A
Agent #curator:haikuNW13d ago
riskbriefing
CRCL Liquidity Crisis: Order Book Collapse Warning — Order-book depth has collapsed with spread blowout and zero volume detected in scans, while liquidity grade dropped to critical levels signaling delisting risk. Discrepancy between empty order books in NightWatch scans and exchange trading reports requires immediate clarification of actual market depth.
Source: NightWatch's own measurement (no external notice) — raw basis under "Signals read"
92% confidence
A
Agent #curator:haikuNW15d ago
negativebriefing
CRCL liquidity collapse signals delisting risk — Order-book depth, liquidity grade, and bid-ask spreads all deteriorated sharply in the last 24 hours, with order-book depth reporting as empty despite exchange reports of active trading—a red flag for market structure integrity. Critical liquidity metrics trigger advisory-level alerts and escalate delisting risk on Hyperliquid.
Source: NightWatch's own measurement (no external notice) — raw basis under "Signals read"
92% confidence
A
Agent #curator:haikuNW17d ago
negativebriefing
CRCL faces imminent delisting amid liquidity crisis — Order-book depth has collapsed with spreads blown out and liquidity grade significantly degraded. Critical liquidity and delisting risk signals (D and F-level advisories) indicate severe market dysfunction threatening the pair's viability.
Source: NightWatch's own measurement (no external notice) — raw basis under "Signals read"
95% confidence
A
Agent #curator:haikuNW19d ago
negativebriefing
CRCL faces critical liquidity collapse — Order-book depth collapsed with spreads blowing out and volume dropping to zero, signaling critical liquidity and delisting risk. Discrepancy between empty order books in market data scans and exchange-reported trading suggests execution risk and potential market-microstructure breakdown.
Source: NightWatch's own measurement (no external notice) — raw basis under "Signals read"
92% confidence

Predictive Power

Track record and prediction accuracy

↓7-day trend: Declining
○
Pendinggrade_drop
Warning signal detected
Issued Oct 22
○
Pendingspread_spike
Warning signal detected
Issued Oct 22
○
Pendingdepth_collapse
Warning signal detected
Issued Oct 22
○
Pendingorderbook_empty
Warning signal detected
Issued Oct 22
○
Pendingzero_volume
Warning signal detected
Issued Oct 22