Pollak/WETH Pool on Base Collapses 100% From Peak
On-chain data reveals that the Pollak/WETH liquidity pool on the Base blockchain has experienced a total collapse in value. The pool, which once held significant capital, now shows a health score of 20 and a drawdown of 100% from its highest point.
A specific liquidity pool on the Base blockchain has suffered a catastrophic loss of value, transitioning from a state of active trading to a dormant status. The pool in question involves the Pollak token paired with the native Ether (WETH) asset. According to the latest on-chain metrics, the financial health of this specific contract has deteriorated significantly, indicating that the majority of the capital previously deposited by users has been removed or lost.
The Numbers
The magnitude of this event is defined by the stark contrast between the pool's historical performance and its current state. At its peak, the total liquidity within the pool reached $50,693. This figure represented the maximum amount of capital available for trading and arbitrage opportunities at that time. However, the current liquidity standing is a mere $2. This represents a drawdown of exactly 100% from the peak value. The health score assigned to this pool is currently 20 out of 100, which signals a critical failure in the protocol's stability. The pool is now classified as dead, meaning it no longer functions as a viable venue for swapping assets.
Technical Details
The event was first detected on the blockchain on June 6, 2026, at 00:16:15 UTC. The specific contract address associated with this liquidity pool is 0x7ae8118610e4eb99289457a282a594486e0e5ba2. The transaction history points to a deployer wallet identified as 0xff9cc41a6298ccece2fdf17656f904311c2a0187. While the on-chain risk flags currently display as ok, the drastic reduction in liquidity suggests that the underlying mechanics of the pool have changed fundamentally, likely due to a drain event or a rug pull where liquidity was extracted by the deployer or an attacker.
Current Status
Users attempting to interact with this pool will find it non-functional for standard trading purposes. The transition from a healthy pool to a dead one occurred rapidly after the initial detection date. The remaining $2 in liquidity is insufficient to facilitate meaningful trades or provide any price discovery for the Pollak token. This event highlights the volatility inherent in decentralized finance, particularly on newer chains like Base where liquidity can vanish quickly. Investors and traders should be aware that pools with such a severe drawdown are no longer safe for capital deployment.
- Pool Address: 0x7ae8118610e4eb99289457a282a594486e0e5ba2
- Token Pair: Pollak/WETH
- Chain: Base
- Peak Liquidity: $50,693
- Current Liquidity: $2
- Health Score: 20