WETH/VERLO Liquidity Vanishes on Base
The WETH/VERLO trading pair on the Base network has effectively ceased operations, with its total value locked dropping from a high of $53,828 to just three dollars. This event marks a complete loss of usable funds for traders within hours of detection.
The WETH/VERLO liquidity pool on the Base blockchain has transitioned from an active market to a dead state. Data indicates that by early morning UTC time on June 16, 2026, the contract holding funds at address 0x8534d9d636aac2a56d630698352673e8d352fa67 had been drained. The pool now holds a negligible amount of capital compared to its recent history.
The Event Timeline
Monitoring tools first flagged this specific incident at 11:30 UTC on June 16, 2026. At that moment, the liquidity had already vanished from public view. The pool was deployed by wallet address 0x1e0ee5b4ebad44d78588b47673627d193e5a1ded and operated for a brief window before becoming inaccessible to standard trading protocols.
The Numbers
Before the incident, the pool reached a maximum total value of $53,828. This figure represented real capital available for swapping between Wrapped Ether and VERLO tokens. Following the drain event recorded on June 16, that same metric plummeted to exactly three dollars. A drawdown calculation shows a reduction of one hundred percent from the peak level.
Market Implications
This total loss means any user attempting to swap assets through this specific contract will receive zero value for their input. The health score assigned to this pool is now twenty out of one hundred, reflecting its broken state despite on-chain risk flags showing no immediate external threats other than the internal drain.
- The entire liquidity reserve was removed in a single transaction sequence
- Trading volume has dropped from active levels to zero immediately after detection