WETH/VERLO Pool Loses $59k Liquidity on Base
An automated market maker pair for the VERLO token experienced a catastrophic loss of value shortly after launch. The event marks a complete disappearance of funds that were previously available for trading on the Base network.
A specific automated market maker contract designed to facilitate trades between WETH and VERLO has effectively ceased functioning. The event occurred within a single day in June 2026 on the Base blockchain, resulting in an immediate loss of nearly all available capital for traders.
The Event Timeline
Monitoring tools detected this specific incident starting at 11:03 UTC on June 18, 2026. The pool contract identified by address 0xb53e33c8b5949813e44d997f31deef2823adc228 was initially populated with significant capital before the sudden drop.
The Numbers Behind The Drop
The financial impact of this event is defined by a total drawdown from its peak value. At one point, the pool held $59,118 in combined liquidity for both assets. Within hours, that figure plummeted to just three dollars.
This represents a 100% reduction in available funds relative to the high-water mark established earlier on June 17th or early morning of the incident date. Such a metric indicates that every single dollar previously deposited by users was removed from the contract, leaving only negligible dust behind.
Implications For Traders
The health score for this specific pool now sits at twenty out of one hundred, signaling severe distress despite on-chain risk flags currently showing as okay. This discrepancy highlights that standard automated scanners may not immediately flag a drain where the liquidity simply vanishes without triggering an obvious exploit alert.
Traders attempting to enter positions after the event would find no counterparties or assets available for exchange, rendering the contract useless for its intended purpose of price discovery and asset swapping. The deployer wallet associated with this incident is 0x7be3267ea7211f5fb15a00b02a67a524b76d2e52.
- Liquidity vanished completely from the contract.
- The pool is now considered dead by market standards.