ETHLABS/WETH Pool On Base Drops From $61k Peak To Near Zero
The ETHLABS/WETH trading pair on the Base network experienced a total loss of value after holding $60,900 in assets. The current state shows only three dollars remaining against a previous high.
A specific trading venue for the ETHLABS token on the Base blockchain has effectively ceased functioning as an active market maker. The event began when the contract held $60,900 in combined value before a sudden removal of funds left only three dollars behind.
The Event Timeline
Monitoring systems first detected this anomaly at 17:17 UTC on June 22, 2026. At that moment, the pool associated with contract address 0x302ccc6c255d33456cb1e9d73015004feb56748b was fully operational and holding significant capital for traders.
Liquidity Analysis
The financial impact is defined by a complete drawdown from the peak value. When a pool drops to 99.9% of its original size, it indicates that nearly every dollar has been extracted or burned. The remaining balance represents less than one percent of what was available for swapping just days prior.
Current Health Status
Risk assessment tools currently assign a health score of 20 to this venue on the Base chain, signaling severe distress despite standard risk flags showing no immediate external threats. The deployer wallet 0xf9a7cc9111c4bb7089a949ba12ef5ffe07c8b984 remains linked to the original setup, but the liquidity is gone.
What This Means For Traders
- The pool can no longer facilitate standard swaps for ETHLABS tokens against WETH.
- Liquidity depth has vanished entirely from the available market data.
- Fees collected previously are now irrelevant as volume is zero.
This situation illustrates how quickly a Base chain venue can transition from active trading to a dormant state. Investors should verify pool health before attempting trades, especially when historical data shows such drastic fluctuations in asset value within hours.