WETH/WCG Pool On Base Loses All $59k Liquidity

A trading pair involving Wrapped Ether and the WCG token on the Base blockchain has effectively ceased to function as a viable market. The pool, identified by contract address 0x9037dd50e408f9264ac2b15746443bac5abae2f0, once facilitated exchanges between these two assets but now holds negligible value.

The Event Details

On-chain data reveals that the pool reached a maximum liquidity level of $59,123. This figure represented the total amount of capital available for traders to swap tokens against one another at any given moment before the incident occurred. The current state shows only three dollars remaining in the contract.

What Happened

The drawdown from that peak is recorded as 100%. In practical terms, this means every single dollar of value was removed from the pool by a deployer wallet at address 0xb8a2659d2e681a4222e0687100ebe6a7ba58bd32. The health score for this contract has fallen to twenty out of one hundred, indicating severe distress.

While the on-chain risk flags currently show as okay, a 100% drawdown implies that all liquidity was extracted in a single action or series of actions. This leaves traders unable to execute swaps and renders the pool dead for standard trading purposes.

The Impact

This event highlights how quickly capital can vanish from decentralized finance markets on Base. The sudden removal of nearly 60k worth of assets suggests a deliberate extraction rather than organic market movement or slippage issues. Investors who held tokens in this pair likely lost their ability to exit positions once the liquidity was drained.

Traders should monitor such metrics closely, as a health score dropping below fifty often precedes total failure. The rapid transition from a healthy pool size to near zero demonstrates that even established pairs can be vulnerable if the underlying contract logic allows for full withdrawal by an authorized address.