WETH/NOOK Pool on Base Drops to $3 From $51,085 Peak

A specific liquidity pool on the Base blockchain has experienced a severe contraction in available funds. The pair, consisting of Wrapped Ether and NOOK tokens, saw its total liquidity value fall dramatically. On-chain data confirms the pool is now considered dead, with a health score of 16 out of 100.

The Event Details

The decline was tracked starting from June 11, 2026, when the pool was first detected. At its height, the pool held $51,085 in combined liquidity. Shortly after, the value evaporated, leaving only $3 remaining in the contract. The deployer wallet associated with this specific pool is 0xd38bc72acc5dc92714f5a59ba3a99eddb66b57ce. While the on-chain risk flags currently show as ok, the drastic drop in value suggests a rapid withdrawal of funds or a drain event.

Understanding the Impact

The drawdown from the peak represents a 100% loss of the pool's original capacity. In practical terms, a figure of 100% drawdown means the entire pool was emptied. A remaining balance of $3 is negligible and insufficient for any meaningful trading activity. This situation renders the pool useless for swapping assets, as there is no depth to absorb orders. Users attempting to interact with this pair would find the pool non-functional.

What to Watch

Readers should note that a single pool failure does not necessarily indicate a failure of the entire Base ecosystem or the NOOK token itself. However, the speed of this event highlights the volatility of new liquidity pools. The pool contract address is 0x8e1cbbf127bb00c24a69d3c24c938c1a9b71912b. Investors should verify the health score and liquidity depth before engaging with any new pair, especially those with a history of rapid drawdowns.

• Pool status is now dead.
• Liquidity dropped from $51,085 to $3.
• Health score is 16.