WETH/IREN Pool on Base Collapses to Zero Liquidity
On-chain monitoring data reveals that a specific WETH/IREN liquidity pool on the Base blockchain has completely drained, resulting in a 100% drawdown from its peak value. The pool, identified by address 0xa3e61cb0e9bc98ca0274b6b9be07fe8b06f6cd37, currently holds no liquidity and displays a health score of 20.
On-chain analysis indicates a significant event involving a decentralized finance pool on the Base network. The specific pair in question is WETH/IREN, which experienced a total loss of value shortly after its initial detection. This event marks a complete failure of the liquidity mechanism for this specific contract, leaving the pool in a dead state with zero remaining funds available for trading or withdrawal.
The Event Timeline
The incident was first detected on the blockchain at 11:43:37 UTC on June 5, 2026. At this moment, the pool was operational but subsequently underwent a rapid and total depletion of its assets. The deployment of this specific pool was attributed to the wallet address 0x009ca2b15b4b717df3b14f9fb7898817e8a3c498. Following the initial detection, the liquidity evaporated, signaling a sudden exit of funds from the contract.
The Numbers
Quantitative data from the event highlights the severity of the collapse. The pool reached a peak liquidity value of $10,812 before the incident occurred. Following the drain, the current liquidity stands at exactly $0. This represents a drawdown of 100% from the highest recorded value. The health score assigned to this pool in its current state is 20 out of 100, reflecting its critical condition. Despite the on-chain risk flags currently showing as ok, the actual liquidity metrics confirm the pool is no longer functional.
Current Status and Implications
The pool address 0xa3e61cb0e9bc98ca0274b6b9be07fe8b06f6cd37 is now listed as dead. This status implies that no further transactions can be executed against the liquidity in this contract. The total loss of $10,812 in value suggests a complete extraction of funds, which is characteristic of a rug pull or a targeted drain event. Users who may have interacted with this pool prior to the collapse would have faced a total loss of their invested capital. The rapid transition from a functioning pool to a zero-liquidity state underscores the volatility and risks inherent in decentralized finance protocols, particularly those with lower liquidity depths.
- Peak liquidity: $10,812
- Current liquidity: $0
- Drawdown percentage: 100%
- Health score: 20
- Deployer wallet: 0x009ca2b15b4b717df3b14f9fb7898817e8a3c498
Investors and traders monitoring the Base ecosystem must remain vigilant for such events. The sudden nature of this collapse serves as a reminder that even pools with seemingly standard risk flags can experience catastrophic failures. The data confirms that the pool has lost all its value, leaving no residual liquidity for any future participants.