WETH/RELIQT Pool On Base Loses All Liquidity
The WETH/RELIQT liquidity pool on the Base network experienced a total collapse in value. Funds previously available for trading have vanished, reducing the pool size to just three dollars and triggering extreme risk metrics.
A specific liquidity pair on the Base blockchain has effectively ceased functioning as a viable market. The contract at 0xf12ab44a19edcb1d41a50ece03fd22caf383c6fe once supported swaps between Wrapped Ether and RELIQT tokens, but its health score now sits at a critical low of 20 out of 100. This drastic shift occurred after the pool reached a peak value before funds were removed.
The Collapse
On June 21, 2026, around 19:49 UTC, data indicated that the liquidity available for trading had evaporated almost entirely. The system recorded a drawdown of exactly one hundred percent from its highest point. This means every single dollar previously sitting in the pool was gone, leaving only three dollars behind.
The Numbers
At its height, this specific venue held $58,836 worth of assets for users to trade against each other. That figure represents a significant amount of capital that can no longer be accessed by the public. The current state shows only three dollars remaining in the contract address 0x425515db4c594d7c22d8dca50476f21c7144ae8c, which deployed this specific pool.
What It Means
This event illustrates a scenario where the liquidity provider or an external actor removed all funds from the contract. For any potential trader checking this pair today, there is no meaningful market to interact with. The drop of 100% indicates that the pool size was smaller than the amount drained in a single action.
- The peak value represented $58,836.
The current balance is just $3.
This represents a total loss for liquidity providers who deposited funds into this contract before it emptied.