WETH/GLXYon Pool on Base Collapses to Zero Liquidity
A specific liquidity pool on the Base blockchain involving WETH and GLXYon tokens has experienced a total collapse in value. The pool, which once held significant liquidity, now shows zero remaining funds, indicating a complete drain of assets.
On-chain monitoring data indicates a significant event within the Base ecosystem involving a specific trading pair. The pool identified by the address 0x4c041cfdec3867668081f48b63ca27d4dfd687d7 has undergone a total loss of value. This event marks the transition of the pool from an active state to a dead status, where no further liquidity can be added or removed by standard means.
The Event Timeline
The incident was first detected on the blockchain on June 5, 2026, at 15:30:13 UTC. At this point, the pool was operational and held real liquidity. The assets involved were Wrapped Ether (WETH) and a token identified as GLXYon. The deployment of this specific pool was executed by the wallet address 0x552704029a13c09ca0e213ed2686f58b80b06f6a. Following the initial detection, the health score of the pool plummeted, reflecting the severity of the situation.
Quantitative Impact
The financial impact of this event is quantifiable through the drastic reduction in total liquidity. The pool reached a peak liquidity value of $10,874 in US dollars. This represented the maximum amount of capital available for trading within that specific pair at its height. However, the current state of the pool shows a liquidity value of exactly $0. This represents a drawdown of 100% from its peak. The health score, which typically ranges from 0 to 100 to indicate stability, has dropped to a score of 20, signaling a critical failure in the pool's structural integrity.
Risk and Status Analysis
Despite the severe drop in liquidity and the low health score, the on-chain risk flags currently display as ok. This specific metric may refer to the broader network status or the deployer's historical record rather than the immediate state of the drained pool. The pool address 0x4c041cfdec3867668081f48b63ca27d4dfd687d7 is now categorized as dead. This status implies that the liquidity has been removed, likely through a drain event or a rug pull mechanism, leaving the pool empty. The deployer wallet 0x552704029a13c09ca0e213ed2686f58b80b06f6a remains the entity associated with the creation of this now-defunct asset.
What to Watch
Observers of the Base chain should monitor similar pools for sudden drops in health scores or liquidity. The rapid transition from a peak of $10,874 to zero highlights the volatility inherent in new token pairs. Investors and traders must remain vigilant when interacting with pools that have recently been deployed or have shown signs of instability. The fact that the pool is now dead means that any remaining liquidity is gone, and the opportunity for trading that pair has effectively ceased to exist on this specific contract.
- Pool Address: 0x4c041cfdec3867668081f48b63ca27d4dfd687d7
- Deployer Wallet: 0x552704029a13c09ca0e213ed2686f58b80b06f6a
- Peak Liquidity: $10,874
- Current Liquidity: $0
- Health Score: 20