Monid/WETH Base Pool Drops To Three Dollars
The Monid and WETH liquidity pool on the Base network experienced a severe contraction, falling from a high-water mark to near zero. This event marks the end of active trading for this specific contract address as funds were removed or drained completely.
A decentralized exchange pool pairing Monid and WETH on Base has effectively ceased operations. The asset once held significant capital before a rapid outflow left the contract with only three dollars remaining.
The Numbers
At its peak, this specific liquidity bucket contained $61,397 worth of assets for traders to swap against one another. That drawdown from the maximum value represents a 100% loss relative to that high point. The current health score sits at twenty out of one hundred, indicating severe distress.
What Happened
The event was first detected on June 21, 2026, shortly after the initial deployment by wallet address 0x40446ae1b5df69fd6bea9d2f0e114cb027d211bb. The pool contract located at 0x6fa599fb6e539333b5b9650e00d622cca02f1a22 has transitioned from a functioning market to a dead state.
Implications
This situation illustrates the volatility inherent in early-stage token pools. When liquidity vanishes entirely, users cannot execute trades because there is no counterparty capital available. The on-chain risk flags currently show as okay, yet the functional reality for a user attempting to swap Monid against WETH at this address would be an inability to complete any transaction.
- Traders must verify pool depth before entering positions
- A health score of twenty suggests high caution is warranted
- Liquidity can disappear instantly without prior warning