Base WETH/XALGORIX Pool Loses All $57k Liquidity
The WETH/XALGORIX pair on the Base network experienced a total loss of value shortly after its launch. Initial capitalization peaked at $57,018 before dropping to near zero within 46 minutes.
A liquidity pool for the XALGORIX token on the Base blockchain has effectively ceased operation. The contract at address 0xf6cd431b58e244559d9250149f7fa5f043292cbf was deployed by wallet 0x82f28d25e2d0ee95a6dcb91f4d5d6c4e0e2b638e on June 20, 2026. The event began shortly after the pool reached its maximum capacity.
The Numbers
At its peak, this specific trading venue held $57,018 in total value locked. This figure represents a significant amount of capital for a newly launched asset on Layer 2 networks like Base. However, the situation changed rapidly between June 20 and June 21 at approximately 03:46 UTC.
By that time, the remaining liquidity had fallen to just $3. This drawdown from peak is calculated as a full 100% reduction in value relative to the initial high-water mark. For traders attempting to enter or exit positions during this window, the effective slippage would have been extreme.
What Happened
The health score for this pool dropped from a functional state to 20 out of 100 within roughly two days. This metric indicates severe distress in the protocol's ability to facilitate fair swaps between WETH and XALGORIX tokens.
- Initial deployment date: June 20, 2026
- Total value lost from peak: $57,015
- Current operational status: Dead
The on-chain risk flags currently show as ok, yet the liquidity reality suggests otherwise. A pool with only three dollars of depth cannot support meaningful trading volume.
What to Watch
This event serves as a stark reminder that high initial capitalization does not guarantee longevity for new tokens on Base or other chains. The rapid transition from $57k to near zero suggests an external extraction of funds occurred immediately after the peak was recorded.
Investors should monitor similar pairs where liquidity vanishes quickly, as this pattern often precedes a complete loss of value in newly listed assets. Always verify current pool depth before committing capital to such volatile environments.