WETH/XALGORIX Pool on Base Loses All Liquidity
The WETH/XALGORIX pair on the Base network experienced a total loss of its initial capital. What began as a functional market for swapping tokens ended with nearly all funds removed or drained by early 2026 standards.
A specific trading venue on the Base blockchain has ceased to function after losing virtually its entire value. The pair involved was WETH paired with XALGORIX, a token deployed by wallet 0x1b0d8ecc89dd2cf0389a887428b3409c57a62f70. This event occurred at pool address 0x05d41a82dc0bc7d2a4a4e50a8902151010a5eb1b, where activity halted on June 22, 2026.
The Numbers
At its height of operation, this venue held $54,388 in total liquidity. That amount represented the maximum capital available for users to swap between Ethereum and XALGORIX without causing extreme slippage. By June 2026, that figure had fallen to just two dollars. A drawdown from a peak of over fifty thousand down to such a negligible sum indicates a complete drain rather than normal market fluctuation.
What Happened
The health score for this pool is currently rated at 20 out of 100, reflecting its deteriorated state. While on-chain risk flags show as ok in the current snapshot, the practical reality is that a healthy market requires sufficient depth to absorb trades. With only two dollars remaining, any attempt to execute a standard swap would result in catastrophic price impact for the user.
Why It Matters
- A drop of 100% means the pool size was reduced by its entire original value.
- The deployer wallet remains associated with this specific contract address.
This situation illustrates how quickly a Base-native project can transition from active trading to dormancy. The remaining two dollars are likely insufficient for any meaningful market activity, effectively rendering the pair dead despite the absence of immediate malicious flags in standard monitoring tools.