WETH/Grantr Pool on Base Collapses to $3 Amid 100% Drawdown

A liquidity pool tracking the WETH/Grantr trading pair on the Base blockchain has experienced a catastrophic decline in value. According to on-chain metrics, the pool has effectively gone dormant, with its health score plummeting to 20 out of 100. This event marks a total loss of liquidity for participants who held positions at the time of the collapse.

The Event Details

The incident was first detected on the blockchain on June 6, 2026, at 08:45:29 UTC. At that specific moment, the pool was already showing signs of severe distress. The pool contract address identified in the data is 0x4d8d92b5fe1708c42974a8976c18989800445759. The entity responsible for deploying this specific contract is the wallet address 0xc9cfacb4a3c802bd3fa499939097e2eb3d4f1af3. While the on-chain risk flags currently display as ok, the historical data indicates a complete failure of the liquidity mechanism.

The Numbers

The magnitude of the drawdown is stark when comparing the peak performance to the current state. At its height, the pool held a total liquidity value of $51,308. This represented a period where the market for the Grantr token on Base was active enough to sustain a significant capital reserve. However, the current liquidity standing is merely $3. This represents a drawdown of exactly 100% from the peak value. The health score of 20 reflects this critical failure, indicating that the pool is no longer viable for standard trading operations.

Implications for Traders

For traders monitoring the Base ecosystem, this event serves as a cautionary indicator regarding the volatility of new token pairs. The rapid transition from a healthy liquidity depth to a near-zero state suggests that the underlying asset or the pool mechanics may have been compromised. Although the risk flags do not show an active alert, the reality of the data shows a dead pool. Investors should be aware that liquidity can vanish quickly on Layer 2 networks like Base, potentially leaving users unable to exit positions.

• Peak liquidity reached $51,308 before the collapse.
• Current liquidity is reduced to $3.
• The pool health score is currently 20.
• The event was detected on June 6, 2026.

What to Watch

Observers of the Base chain should continue to monitor the deployer wallet 0xc9cfacb4a3c802bd3fa499939097e2eb3d4f1af3 for any new activity. The creation of a new pool by the same address could indicate a pattern of behavior. Additionally, the status of the Grantr token itself remains a point of interest, as the failure of this specific WETH pair may impact broader sentiment for the project. The data confirms the pool is dead, meaning no further trades can be executed at the previous depth levels.