WETH/CTK Pool on Base Collapses Completely
A liquidity pool for the WETH/CTK token pair on the Base blockchain has experienced a total collapse, with liquidity falling from a peak of $10,056 to $0. The pool currently holds a health score of 20 and is marked as dead.
On-chain monitoring has identified a significant event involving the WETH/CTK liquidity pool on the Base network. The pool, identified by the contract address 0xb64ae6dc8f4fd336f735474f56f00c2ac4ec1aef, has transitioned from a state of active liquidity to a completely drained status. This event was first detected on June 5, 2026, at 21:33:09 UTC. The data indicates a sudden and total loss of value within the specific trading pair, signaling a critical failure in the liquidity provision mechanism for this asset combination.
The Collapse Details
The primary metric of concern is the liquidity drawdown, which stands at 100% from its historical peak. At the height of its operation, the pool held a total liquidity value of $10,056 in USD terms. Following the detected event, the current liquidity recorded for the pair is $0. This represents a complete evacuation of funds from the smart contract. The deployment of this specific pool was traced to the wallet address 0x7c2a8b8f9e2719f96c24ff2cf1f36b7ca1459a96. The rapid transition from a functioning market to a dead pool suggests an immediate extraction of assets by the deployer or an external actor.
Current Health and Status
Following the drain, the pool has been assigned a health score of 20 out of 100. This low score reflects the current state of the liquidity, confirming that the pool is effectively non-functional for standard trading purposes. Despite the on-chain risk flags currently showing as 'ok' in the system logs, the practical reality of the pool is that it is dead. The discrepancy between the risk flag status and the actual liquidity data highlights the importance of verifying real-time liquidity levels rather than relying solely on automated risk scores. The contract address 0xb64ae6dc8f4fd336f735474f56f00c2ac4ec1aef remains on the chain, but the economic value previously associated with it has vanished.
Implications for Traders
Traders and liquidity providers must be vigilant when engaging with new pools on the Base network, particularly those involving tokens like CTK. The event demonstrates how quickly a pool can go from having over $10,000 in liquidity to being completely empty in a matter of hours. The deployer wallet 0x7c2a8b8f9e2719f96c24ff2cf1f36b7ca1459a96 is now associated with a failed project. Users attempting to interact with this pair will find no liquidity to trade against, effectively rendering the pair useless for market making or arbitrage. The total drawdown of 100% serves as a stark reminder of the volatility inherent in decentralized finance, where liquidity can disappear entirely without prior warning once the initial deployment phase concludes.
- Pool contract: 0xb64ae6dc8f4fd336f735474f56f00c2ac4ec1aef
- Deployer wallet: 0x7c2a8b8f9e2719f96c24ff2cf1f36b7ca1459a96
- Peak liquidity: $10,056
- Current liquidity: $0
- Health score: 20