WETH/RELIQT Pool on Base Drops $54k Liquidity
The WETH/RELIQT trading pair on the Base network experienced a severe contraction where total value locked fell by 100% relative to its highest point. The pool currently holds only $4 against a recent peak of $54,024 before vanishing entirely from active circulation.
A specific liquidity pool for the WETH/RELIQT pair on the Base blockchain has effectively ceased to function as a viable trading venue. The event began shortly after 03:42 UTC on June 18, 2026, when funds were rapidly removed from the contract located at address 0x2ca46d5b944cc1db37b6293b44841e0a21ac023b.
The Scale of Loss
At its height, this specific contract held $54,024 in total liquidity. Within a very short window, that entire amount was drained from the system. The current state shows only four dollars remaining inside the pool. This represents a drawdown percentage exceeding 100% when calculated against the peak value, indicating that every single dollar previously available for swapping has been extracted.
Pool Health and Status
The on-chain metrics now reflect a critical failure state. The health score for this contract is recorded at 20 out of 100, signaling severe distress compared to healthy pools which typically maintain scores near the maximum threshold. While risk flags currently show as okay, the structural integrity of the pool has been compromised by the total removal of assets.
Implications for Traders
- The deployer wallet 0xf3493dcdbc9968b4fc21d6a781e8cd68364fb3ab initiated the event.
- Liquidity is now insufficient to support meaningful price discovery for RELIQT tokens.
When a pool drops from fifty-four thousand dollars to four, slippage becomes infinite. Any attempt to execute trades would result in massive losses as there are no counterparties left on the order book. Users holding positions or attempting swaps must recognize that this specific contract is effectively dead and should avoid interacting with it further.