grantr/WETH Liquidity Vanishes on Base
The liquidity for the grantr token paired with WETH on the Base blockchain has effectively disappeared. The pool recorded a maximum value of nearly $54,000 before draining down to three dollars within 26 hours.
The trading pair for grantr and WETH on the Base network has reached a critical state. On June 15 at 08:56 UTC, data showed that the pool held significant capital before losing it entirely to an external actor or internal mechanism.
What Happened
The event began with a healthy ecosystem presence for this specific asset combination. The contract address 0x53e55ea8976260d05a0dce3a6675987a4363a7a5, deployed by wallet 0xbe5da5ceb8c7c10a9d1e8f179ac0cd54ff4381ec, was functioning normally. However, the situation changed rapidly.
The Numbers
At its peak, this single pool contained $53,996 worth of assets available for trading. Within a short window ending June 17 at 04:38 UTC, that value plummeted to just $3. This represents a drawdown where the remaining liquidity is statistically negligible compared to the initial size.
When an impact metric reaches 100%, it indicates that every single dollar previously in the pool has been removed or swapped out by someone else. The health score for this contract now sits at 20, signaling severe distress despite on-chain risk flags currently showing as okay.
Why It Matters
- A drop to $3 means standard trading is no longer viable for most users.
- The remaining funds are likely trapped or represent a tiny fraction of the original capital.
This specific event highlights how quickly liquidity can vanish on newer chains like Base. The deployer wallet remains active, but this particular pool has ceased to function as a reliable venue for exchanging grantr against WETH. Investors should treat any remaining value in such pools with extreme caution, as the vast majority of funds are gone.