WETH/OFC Pool on Base Drops to Zero Liquidity

A liquidity pool on the Base blockchain has experienced a total collapse, losing all of its recorded value. The specific event involves the WETH/OFC token pair, which previously held a peak liquidity of $10,567. As of the latest data, the liquidity within this pool is now $0, representing a 100% drawdown from its highest point. This event was first detected on June 9, 2026, at 14:03:13 UTC. The pool address is 0x0698eaabd78636740552e5f4edda03b3e7a0b302, and the wallet responsible for deploying this contract is 0x6dd69d7ece9ba6412b3e38dfdbc36aecd4ce87eb.

Understanding the Collapse

The term "100% drawdown" in this context means the pool is empty. When a liquidity pool drops from a specific dollar amount to zero, it indicates that the funds previously deposited by liquidity providers have been removed or drained entirely. The current status of the pool is listed as "dead," which confirms that no new trades can occur and no value remains to support market operations for this specific pair. The health score for this asset is currently 20 out of 100, reflecting its severely compromised state compared to a healthy, active pool.

The Numbers Behind the Event

Before the collapse, the pool held a peak liquidity of $10,567. This figure represents the maximum amount of capital available for traders to swap WETH for OFC tokens or vice versa. The current liquidity is recorded as $0. This stark contrast highlights the rapid nature of the event. The deployer wallet associated with this pool is 0x6dd69d7ece9ba6412b3e38dfdbc36aecd4ce87eb. While the on-chain risk flags are currently marked as "ok," the structural failure of the pool itself suggests a significant loss of capital for anyone who deposited funds into this specific contract. The time of detection, 2026-06-09 14:03:13 UTC, marks the moment the system registered this drastic change in the pool's state.

Implications for Readers

For a reader monitoring on-chain data, a 100% drawdown is a critical signal of failure. It means that the mechanism designed to facilitate trading between WETH and OFC on Base has ceased to function. The fact that the pool is now dead implies that any expectation of future liquidity for this specific pair is unfounded unless a new pool is created at a different address. The health score of 20 further underscores the poor condition of this specific asset, distinguishing it from healthy pools that maintain sufficient reserves. Investors or traders should be aware that a pool with zero liquidity cannot support any new transactions, effectively rendering the token pair inactive on this specific platform.

• The pool address 0x0698eaabd78636740552e5f4edda03b3e7a0b302 is now inactive.
• Peak liquidity of $10,567 has been completely removed.
• The current health score of 20 indicates a failed state.

It is important to note that while the on-chain risk flags show as "ok," this metric may not capture the immediate impact of a total liquidity drain. The event serves as a reminder that liquidity pools can vanish entirely, leaving no trace of value. Readers should always verify the current liquidity status before interacting with any new or existing pools on the Base chain.