WETH/NOOK Pool on Base Collapses to Near Zero
On-chain data reveals that a specific WETH/NOOK trading pair on the Base network has effectively ceased to function as a viable market. The pool has experienced a total drawdown from its highest recorded liquidity, leaving only a negligible amount of capital behind.
A specific liquidity pool for the WETH/NOOK token pair on the Base blockchain has reached a critical state of failure. The data indicates that the pool is currently considered dead, with its health score registering at 20 out of 100. This event marks a complete loss of value for the liquidity providers who deposited funds into this specific contract, as the total liquidity available for trading has evaporated almost entirely.
The Collapse of Liquidity
The most significant metric in this event is the drawdown from peak, which stands at 100%. In plain terms, this means the pool has lost every single dollar of value it held at its highest point. The peak liquidity was recorded at $57,484, representing a time when the market was active and participants could trade WETH against NOOK tokens. Currently, the liquidity standing in the pool is just $3. This drastic reduction implies that the vast majority of the funds have been removed from the contract, likely through a drain or a rug pull mechanism, leaving the pool unable to facilitate normal trading operations.
Technical Details and Timing
The on-chain event was first detected on June 10, 2026, at 00:57:17 UTC. The specific pool contract address is 0xc1ef97c0a56088d589e609b5742c763f6b8c9231. The wallet responsible for deploying this contract is identified as 0xbe4fb808936bd39a2d83e2228d87d345328d3e40. While the on-chain risk flags currently show as ok, the health score of 20 suggests that the protocol or the specific pool configuration is in a compromised state. The fact that the pool is now dead means that new liquidity cannot be added effectively, and existing liquidity has been drained to the point where the pool is functionally useless for traders.
Implications for the Base Ecosystem
This event highlights the volatility and risks inherent in decentralized finance, particularly for newer token pairs on the Base chain. When a pool collapses from a peak of nearly $60,000 to $3, it indicates a sudden loss of confidence or a malicious act by the deployer. The remaining $3 in liquidity is statistically insignificant and does not represent a functional market. Traders and investors should be aware that a 100% drawdown signifies the total removal of funds, making the distinction between a temporary dip and a permanent loss clear in this instance. The deployer wallet remains active in the logs, but the specific contract associated with this pair has failed to maintain its integrity.
- The pool has lost 100% of its peak value.
- Current liquidity is limited to $3.
- The health score indicates a failing state.
- The event was detected in June 2026.
Readers should treat this data as a factual record of an on-chain event rather than financial advice. The numbers speak for themselves: a pool that once held substantial capital now holds a fraction of its original value, signaling a definitive end to its utility as a trading venue.