SPIN/WETH Pool on Base Collapses to Zero Liquidity
The SPIN/WETH liquidity pool on the Base network has experienced a total collapse, with liquidity dropping from a peak of $10,013 to zero. This event marks the pool as currently dead, reflecting a 100% drawdown from its highest recorded value.
On-chain monitoring has identified a significant event involving the SPIN/WETH liquidity pool on the Base blockchain. The data indicates that a pool which previously held real liquidity has now collapsed entirely. This development represents a complete loss of value for the specific asset pair within that decentralized exchange environment.
The Event Details
The incident was first detected on the blockchain at 05:01:01 UTC on June 6, 2026. At that specific moment, the liquidity within the pool had already reached its terminal state. The pool address associated with this event is 0x0c85fcbf45d91543eb8c29c20c35bd7c747c5b32. The deployment of this specific pool was executed by the wallet address 0x380551a156a68a6d44e315d54a48f0921696778c. Following the detection, the status of the pool is recorded as dead, indicating no active trading or liquidity provision is occurring.
The Numbers
Quantitative analysis of the pool shows a drastic reduction in available capital. The peak liquidity recorded for the SPIN/WETH pair was $10,013. This figure represents the maximum amount of value sitting in the pool before the collapse. Currently, the liquidity stands at $0. This results in a drawdown from the peak of exactly 100%. The health score assigned to this pool based on current metrics is 20 out of 100, reflecting its poor standing compared to active pools. Despite the on-chain risk flags currently showing as ok, the liquidity metrics confirm the total depletion of funds.
Implications for the Pool
The transition from a peak of over ten thousand dollars to zero liquidity signifies a total failure of the market mechanism for this specific pair. When a pool reaches zero liquidity, it effectively ceases to function as a venue for swapping tokens. Users attempting to interact with this address would find no counterparties to facilitate trades. The data suggests that whatever mechanism caused the liquidity to vanish has been fully realized, leaving the pool empty. This event serves as a stark example of the volatility inherent in decentralized finance pools, where assets can be removed or drained entirely, resulting in a 100% loss of the previously held value.
- Pool Address: 0x0c85fcbf45d91543eb8c29c20c35bd7c747c5b32
- Deployer Wallet: 0x380551a156a68a6d44e315d54a48f0921696778c
- Peak Liquidity: $10,013
- Current Liquidity: $0
- Drawdown Percentage: 100%
- Health Score: 20
Observers tracking the Base network must note that while risk flags may appear benign, the liquidity data tells the complete story of the pool's current state. The collapse is absolute, with no remaining funds to support the SPIN token against the WETH reserve.