WETH/Monid Pool on Base Collapses to $1
On-chain data reveals that a specific WETH/Monid liquidity pool on the Base network has effectively ceased to function as a trading venue. The pool has experienced a total drawdown from its highest recorded liquidity, leaving only a nominal amount behind.
A specific liquidity pool on the Base blockchain has undergone a catastrophic loss of value, transitioning from an active market to a dormant state. The pair in question involves Wrapped Ether (WETH) and a token identified as Monid. At its height, this pool held $52,723 in total liquidity, providing a venue for users to swap between the two assets. However, recent on-chain analysis indicates that the pool has collapsed entirely, with current liquidity standing at just $1. This represents a 100% drawdown from the peak, meaning the vast majority of the funds previously available for trading are no longer accessible through this specific contract.
The Collapse Details
The event was first detected on the blockchain on June 9, 2026, at 22:32:29 UTC. At that moment, the pool was already in a state of severe distress. The contract address associated with this liquidity is 0x9fe5c7010e1ef7cb58909fc9eddb796cd54e3ada. The funds currently residing in the pool are negligible, suggesting that the liquidity was drained or removed shortly after the initial detection. The pool is now classified as dead, indicating that it no longer serves its intended purpose of facilitating efficient swaps between WETH and Monid.
Understanding the Metrics
To understand the severity of this event, one must look at the specific metrics provided by the on-chain monitoring system. The health score for this pool is currently 20 out of 100, which signals a critical failure state. A score of 20 implies that the pool is barely functional or has effectively failed. The drawdown percentage of 100% is particularly significant; it does not merely indicate a price drop but a complete removal of the liquidity buffer. In practical terms, this means that if a user attempted to swap tokens into this pool today, they would find almost no depth to execute a trade against. The deployer wallet associated with this pool is 0x9e0cc646b00a998a1165d9762beddfee41cbefd3, and while the on-chain risk flags currently show as ok, the liquidity reality suggests a high-risk environment for any participant.
Implications for Users
For a reader analyzing this data, the primary takeaway is the sudden and total loss of capital efficiency in this specific venue. A 100% drawdown means the pool is empty relative to its peak capacity. This situation often occurs when liquidity is withdrawn by the deployer or when a token becomes illiquid. The fact that the pool is now dead suggests that the Monid token may have lost its utility or value within this specific pair, or that the liquidity providers have exited the position entirely. Users should be aware that relying on this specific pool for trading is no longer viable. The data serves as a stark reminder of the volatility inherent in decentralized finance, where a pool can go from a healthy $52k liquidity state to a $1 state in a matter of hours.
- The pool has lost all meaningful liquidity.
- Trading on this specific pair is currently impossible at scale.
- The health score of 20 confirms the critical status of the asset.
Ultimately, this event highlights the importance of monitoring pool health scores and liquidity levels before engaging in trades. The rapid transition from a functional market to a dead pool underscores the risks associated with newer or less established tokens on the Base chain.