WETH/CHARON Pool on Base Loses All $63k Liquidity
The WETH/CHARON trading pair on the Base network experienced a complete drain, reducing its value from a high-water mark of $63,222 to merely $3. This drastic reduction indicates that all remaining liquidity has been removed or swapped out of existence within minutes.
A specific trading pair involving WETH and CHARON tokens deployed by wallet 0x10494d23be3b1fcf78e617722836bdff6cbd5368 has effectively ceased to function. The pool, identified as contract address 0x02e7d3a9c9742f85e334fa31d2898b88f2b721e7 on the Base chain, recorded a health score of only twenty points before its final state was detected at midnight UTC on June 16, 2026.
The Scale of Loss
At its peak operation, this pool held $63,222 in total liquidity. Within the span of a single event cycle, that entire amount vanished from the available reserves. The current value sits at just three dollars, representing a drawdown percentage calculated as one hundred percent relative to the previous high.
Understanding the Impact
A drop described as 100% signifies that every single dollar previously sitting in the pool is gone from its original location. In practical terms for an observer checking this contract, there are no longer any funds available to facilitate trades between WETH and CHARON tokens at those specific addresses.
Current Status
- The deployer wallet remains active but has not restored the pool value.
- No new liquidity events have been recorded since the initial detection time of 00:15 UTC on June 16, 2026.
While risk flags currently show as okay for general network health metrics, this specific instance demonstrates how a pool can transition from active trading to complete dormancy. The remaining $3 suggests either negligible dust left behind or an accounting artifact rather than functional capital. Users looking to access WETH/CHARON pairs on Base must now seek alternative contracts, as the original deployment has effectively ended.