WETH/Monid Pool on Base Drops to $3 From $53,676 Peak
A trading pair involving WETH and Monid on the Base network has experienced a severe liquidity event, dropping from a peak of $53,676 to a current value of $3. This represents a 100% drawdown from its highest recorded level, indicating the pool is effectively non-functional.
A specific liquidity pool on the Base blockchain has undergone a drastic reduction in available capital. The pair, which facilitates swaps between WETH and Monid, was tracked by our monitoring systems starting on June 12, 2026. At its most active moment, the pool held $53,676 in total value locked. Today, that figure has fallen to $3, rendering the market for this specific asset combination practically inactive.
The Numbers
The data reveals a complete erosion of the pool's health. The drawdown from the peak is recorded as 100%, a metric that signifies the current liquidity is negligible compared to the initial state. A health score of 20 out of 100 reflects this critical condition. The pool contract is identified as 0xc33e121808eae13a7e110a12ce3193fdcd24f417, and the wallet responsible for deploying the contract is 0x88fc832040ac39c47e4434188983f071976a9064. Despite the on-chain risk flags showing as 'ok', the operational reality is that the pool is dead.
What Happened
When a pool drops from a peak of over $50,000 to $3, it usually means one side of the trade was drained or the liquidity provider withdrew all funds. In this instance, the remaining $3 is likely insufficient for meaningful trading. Users attempting to swap tokens here would face extreme slippage or inability to execute orders. This event transforms a previously active market into a dormant contract.
What to Watch
Investors should note that a 100% drawdown implies the pool no longer serves its intended purpose of facilitating fair exchanges. The current status is listed as 'dead', meaning the liquidity is gone. While the deployer wallet remains the same, the utility of the contract has vanished. Readers should avoid relying on this specific pair for trading until new liquidity is added, which is unlikely given the current health score.
- Pool contract: 0xc33e121808eae13a7e110a12ce3193fdcd24f417
- Current liquidity: $3
- Peak liquidity: $53,676