Weth/SPHINCS Base Pool Liquidity Vanishes To $3
The WETH/SPHINCS trading pair on the Base network experienced an extreme drawdown where remaining liquidity is now valued at only $3. This event marks a total collapse in available funds since the pool reached its highest point earlier this year.
A specific trading venue for WETH and SPHINCS tokens on the Base blockchain has effectively ceased to function as a viable market. The data indicates that what was once an active source of capital is now nearly empty, leaving traders with no meaningful depth to execute orders.
The Event Details
Monitoring systems detected this shift in status starting June 14, 2026 at 04:23 UTC. The pool was deployed by the wallet address 0x50f7ada5c9cae60b19cd96fb77ea06ab7a1c09dc and resides at contract location 0x08ea0e0ba1375a8dfa5368a30eec105e1fb0ad3d. While the on-chain risk flags currently show as okay, the operational reality is starkly different.
Capital Loss
The financial impact of this event was immediate and total. The pool reached a peak liquidity value of $55,205 before suffering an extreme drawdown that removed virtually all available funds. Today, only three dollars remain in the system. This represents a 100% reduction from its highest point.
Market Implications
A health score of twenty out of one hundred reflects this severe degradation. When liquidity drops to such low levels, the pool cannot support standard trading activities without causing massive slippage for any participant attempting a swap. The current state suggests that capital has been drained or removed entirely from circulation within this specific venue.
- Peak value exceeded fifty-five thousand dollars
- Current balance is three dollars
- Total drawdown percentage reached one hundred percent