WETH/JPYC Pool on Base Collapses to Zero Liquidity
On-chain data reveals that a specific WETH/JPYC liquidity pool on the Base blockchain has completely drained its funds. The pool, which reached a peak liquidity of $11,606, now shows zero remaining value.
A liquidity pool for the WETH/JPYC trading pair on the Base network has experienced a total collapse. The event was first detected on June 5, 2026, at 12:56:43 UTC. The pool, identified by the address 0x5cf5721a7538b04a2f12ad5436686797a4e044a8, was deployed by the wallet address 0x87e757fe7d8395847d458ef074ec07749a46a91f. This sudden drop in value indicates a significant shift in the health of the specific asset pair within the Base ecosystem.
The Collapse Metrics
The data indicates a severe drawdown from the pool's operational peak. At its highest point, the pool held a total liquidity value of $11,606 in USD terms. Following the initial detection of the event, the liquidity has vanished entirely. The current liquidity standing is recorded as $0. This represents a 100% drawdown from the peak value, meaning the entire capital previously available for trading has been removed from the pool. The current status of the pool is classified as dead, suggesting it is no longer functional for standard trading activities.
Health and Risk Indicators
Analysis of the pool's health score provides further context on the severity of the situation. The current health score for this specific pool is 20 out of 100. This low score reflects the critical state of the liquidity, confirming that the pool has effectively ceased to function as a viable market maker. Despite the drastic loss of value, the on-chain risk flags associated with the event are currently marked as ok. This distinction highlights that while the specific pool has failed, the broader risk assessment parameters for the chain or token pair may not have triggered additional automated alerts beyond the liquidity loss itself.
Implications for the Base Ecosystem
The deployment of the WETH/JPYC pair on Base was intended to facilitate trading between Wrapped Ether and the JPYC token. The complete drain of the pool suggests a rapid exit of funds, often referred to in the industry as a rug pull or a drain event. The deployer wallet 0x87e757fe7d8395847d458ef074ec07749a46a91f remains the primary point of origin for this contract. The transition from a peak of $11,606 to zero liquidity in a short timeframe underscores the volatility inherent in new token pairs on emerging chains like Base. Users interacting with such pools must remain vigilant, as the health score can deteriorate rapidly from a functional state to a dead state without prior warning. The event serves as a case study for the risks associated with low-liquidity pools on Layer 2 networks.
- Pool Address: 0x5cf5721a7538b04a2f12ad5436686797a4e044a8
- Deployer Wallet: 0x87e757fe7d8395847d458ef074ec07749a46a91f
- Peak Liquidity: $11,606
- Current Liquidity: $0
- Event Date: 2026-06-05