WETH/PP Liquidity Pool on Base Collapses to $3
On-chain monitoring reveals that a specific WETH/PP liquidity pool on the Base blockchain has experienced a total collapse in value. The pool, which reached a peak liquidity of $53,667, now holds only $3 in assets.
On-chain data indicates a significant event involving a decentralized finance pool on the Base network. The specific asset pair involved is WETH/PP, where WETH represents wrapped Ether and PP is a specific token on the Base chain. This pool was active until recently, holding substantial value for traders and liquidity providers before a sudden and total loss of funds occurred.
The Event Details
The incident was first detected on the blockchain at 16:11:49 UTC on June 7, 2026. At that moment, the pool was already in a state of severe distress or had just completed a drain event. The pool contract address identified is 0x252f6100376b2723dc3609b7fbda760b679ceadf. The funds were moved or removed from the contract by a specific deployer wallet identified as 0xd01425f971b23e61403407157a345d74a6edc970. This wallet is responsible for the creation and subsequent management of the pool before the liquidity vanished.
The Numbers
The magnitude of the loss is absolute. The pool reached a peak liquidity of $53,667 in US dollars. Following the event, the remaining liquidity in the pool is valued at just $3. This represents a drawdown of exactly 100% from its highest point. The current health score for this pool is recorded at 20 out of 100, indicating a critical failure state. Despite the severity of the event, the on-chain risk flags associated with the transaction or event are currently marked as ok, suggesting the system recorded the event without triggering standard automated risk alerts at that specific moment.
- Chain: Base
- Pair: WETH/PP
- Peak Liquidity: $53,667
- Current Liquidity: $3
- Drawdown: 100%
- Health Score: 20
Current Status
The pool is now considered dead. No further trading or liquidity provision is possible for users attempting to interact with this specific contract address. The total loss of value from the peak to the current state highlights the volatility inherent in new token pairs on emerging chains like Base. The event serves as a data point for monitoring the stability of liquidity pools in the decentralized finance ecosystem. Users should remain vigilant when interacting with new pools, especially those with rapidly changing health scores or sudden liquidity drops.
What to Watch
Monitoring the deployer wallet 0xd01425f971b23e61403407157a345d74a6edc970 may provide further context on the nature of the event. While the risk flags are currently ok, the 100% drawdown is a definitive indicator of a rug pull or a complete drain. The token PP continues to exist on the chain, but its pairing with WETH in this specific contract has ceased to function as a viable market. The data confirms the event occurred on June 7, 2026, and the pool has not recovered since.