WETH/WCG Pool on Base Loses All $53k Liquidity
The WETH/WCG trading pool on the Base network experienced a total loss of value after holding approximately $53,056. Current metrics show only $3 remaining and a health score indicating severe distress for this specific contract address.
A trading pair involving WETH and the token with contract 0x456ba82f53f16bff5e8199f94eae57bacc89f7bb on Base has effectively ceased to function. The event began detection at 11:58 UTC on June 18, 2026, marking the moment liquidity evaporated from a previously active market.
The Event Details
At its height, this specific pool contained $53,056 in total value locked for traders. Within minutes of that peak measurement, the available funds were removed or drained entirely. The current state shows only three dollars remaining inside the smart contract at address 0x004f6225a40d80c649253a67f40a67ebd7242028.
Understanding the Metrics
The drawdown figure of 100% indicates that every single dollar previously sitting in the pool is gone. A health score of 20 out of 100 reflects this critical failure, signaling to users that the mechanism for swapping tokens has broken down completely.
What This Means
This situation represents a classic liquidity drain where an automated market maker loses all its capital reserves. For anyone holding WCG or attempting to trade against it on Base, the ability to execute orders is now impossible without external intervention. The deployer wallet associated with this contract remains active in logs but holds no functional value for trading purposes.
- Peak liquidity was $53,056
- Current balance stands at $3
- Total loss percentage reaches 100%
The rapid transition from a healthy pool to one with negligible funds suggests an intentional removal of assets rather than natural market fluctuation. Traders should verify contract status before interacting, as the risk flags have shifted dramatically.