$52K Liquidity Vanishes From WETH/SUPERGEMMA Pool On Base
The WETH/SUPERGEMMA trading pair on the Base network experienced a total loss of value, dropping from a high of $52,495 to just three dollars. This event marks the complete removal of funds that were previously available for swapping.
A specific liquidity pool on the Base blockchain has effectively ceased functioning as a trading venue. The pair, consisting of Wrapped Ether and SUPERGEMMA tokens, saw its entire capital base extracted or evaporated following an initial period of activity.
The Event Details
On-chain data reveals that this specific pool reached a peak liquidity value of $52,495 before undergoing a drastic change. The current state shows only three dollars remaining in the contract at address 0xa251afe0a67b9667e7b9610d0c57e49af74be789.
Understanding the Drawdown
The metric indicating a drawdown of 100% signifies that every single dollar previously available for swaps has been removed. In practical terms, this means no new trades can occur at normal prices because there is insufficient capital to facilitate exchanges between WETH and SUPERGEMMA.
Pool Health Context
The health score assigned to the contract stands at 20 out of 100. While risk flags currently display as okay, this designation often refers to smart contract code integrity rather than market viability. The deployment wallet associated with this event is identified as 0xa5a7bdcc6fe6842c34f617bbffd5ea1028ad9836.
- First detected time: June 19, 2026
- Total loss from peak: $52,492
This situation illustrates how quickly a liquidity pool can transition from active to dormant. The remaining three dollars represent the negligible residue of what was once a significant market depth.