WETH/CRED Pool on Base Collapses to $3 After Peak

A liquidity pool on the Base blockchain has effectively ceased to function as a viable trading venue. The specific pool in question, identified by the address 0x48533d9c7129058db235f52f285326f3048ef6d0, tracked the price relationship between Wrapped Ether (WETH) and the CRED token. This event was first detected on June 8, 2026, at 08:40:19 UTC. The data reveals a stark transition from a functioning market to a dead pool, driven by a massive reduction in available capital.

The Magnitude of the Drawdown

The most critical metric for this event is the drawdown from peak liquidity, which stands at 100%. To understand what this figure means for a reader, one must look at the raw numbers. At its height, the pool held $55,910 in total value locked. By the time the collapse was recorded, that figure had plummeted to just $3. A 100% drawdown does not merely indicate a significant loss; it signifies that the entire pool of funds has been drained or removed. In practical terms, a trader attempting to enter this pool now finds it empty. The previous liquidity that allowed for swaps has vanished, leaving the pool in a state of dormancy.

Pool Health and Risk Indicators

Current health metrics provide further context on the state of the asset. The pool currently holds a health score of 20 out of 100, which is a low rating indicating severe distress. Despite the on-chain risk flags showing as 'ok' in the system, the operational reality is that the pool is dead. The deployer wallet associated with this contract is 0xbeb5e099a2d39fa2fa51b298dda279bafb3bef2c. The combination of a near-zero liquidity balance and a low health score suggests that the mechanism for providing liquidity has failed or been intentionally emptied.

Implications for Market Participants

When a pool collapses from $55,910 to $3, the implications for users are immediate and severe. For a liquidity provider, this event represents the total loss of their deposited capital. For a trader, the pool is no longer a place to execute orders; it is a ghost contract. The fact that the pool is now listed as 'dead' confirms that no further trading activity can occur. This situation highlights the volatility inherent in newer token pairs on Layer 2 networks like Base. Investors must remain vigilant, as a pool can transition from a healthy state to a collapsed state rapidly, as evidenced by the timeline starting June 8, 2026.

• The pool address 0x48533d9c7129058db235f52f285326f3048ef6d0 is now inactive.
• Total value lost from the peak position is approximately $55,907.
• The health score of 20 reflects the critical failure of the liquidity mechanism.