WETH/GLXYon Pool on Base Collapses to Zero Liquidity
On-chain data indicates a significant liquidity event involving the WETH/GLXYon pair on the Base blockchain. The pool, which reached a peak liquidity of $10,129, has since collapsed entirely to a value of $0.
On the Base blockchain, a specific liquidity pool involving the WETH and GLXYon token pair has experienced a total loss of value. This event marks a complete collapse of the asset pool, transitioning from a state of active trading to a dead status. The data reveals a stark contrast between the pool's initial performance and its current condition, highlighting the volatility inherent in decentralized finance markets on Layer 2 networks.
The Event Details
The incident was first detected on June 5, 2026, at 23:59:15 UTC. At that time, the pool was operational and held a significant amount of capital. The specific pool address recorded as 0x2c75918154a2bfe395d9218c0e184ebff86fffca was deployed by the wallet address 0x02af949f9eb03a06f0dab8cec8627b3d7702055d. Following the initial detection, the liquidity within the contract began to drain rapidly, leading to the eventual cessation of all trading activity.
The Numbers
Quantitative analysis of the pool shows a dramatic reduction in available funds. The peak liquidity recorded for this pair was $10,129. This figure represents the maximum amount of capital that could be utilized for swaps before the collapse occurred. Currently, the liquidity standing in the pool is $0. This represents a drawdown of exactly 100% from the peak value. The health score for this specific pool has been updated to 20 out of 100, reflecting its deteriorated state. Despite the severe drop in liquidity, on-chain risk flags currently display as ok, suggesting that the protocol itself may still be functional but the specific asset pair is no longer viable.
Implications for Traders
Traders monitoring the Base ecosystem must be aware of the sudden nature of such liquidity events. When a pool drops to zero liquidity, it effectively becomes unusable for standard trading operations. Users attempting to interact with this specific WETH/GLXYon pair will find that no swaps can be executed. The deployment wallet associated with the pool remains active in the system, but the specific contract instance has lost its economic utility. This event serves as a reminder of the risks associated with lower-cap tokens and new pools on emerging chains.
- Pool address: 0x2c75918154a2bfe395d9218c0e184ebff86fffca
- Deployer wallet: 0x02af949f9eb03a06f0dab8cec8627b3d7702055d
- Peak liquidity: $10,129
- Current liquidity: $0
- Health score: 20
The collapse of this pool underscores the importance of monitoring liquidity depth before entering positions. The rapid transition from a healthy pool to a dead one indicates that the GLXYon token may have lost its backing or the liquidity providers withdrew their funds entirely. For investors, this data point confirms that the asset is currently unavailable for trading on this specific venue.