WETH/MRBASE Pool on Base Loses All $55K Liquidity
The WETH/MRBASE trading pair on the Base network experienced a total loss of value, falling from a high of $55,391 to just three dollars. This event marks the complete depletion of the pool's reserves by June 2026.
A trading pair involving WETH and MRBASE on the Base blockchain has effectively ceased to function as a viable market. The event began around mid-June when the pool held significant capital before experiencing an immediate and total loss of value.
The Event Details
On-chain data confirms that the liquidity reserve vanished almost entirely within a short window. First detected on June 13, 2026 at 15:36 UTC, the pool addressed as 0xec5ad9761d090213b6cbd07e594ed4b894da7df1 was deployed by wallet 0xa5c0e1826e654a962a0b5f118891904c19c7daac. The reserves were drained to the point where only $3 remains in circulation.
Understanding the Drawdown
The severity of this incident is best understood by comparing its starting value against its current state. At its peak, the pool held a total liquidity balance of exactly $55,391. The subsequent drop represents a 100% reduction from that high point. In practical terms, this figure indicates that every single dollar previously available for trading was removed or transferred out by an external actor.
Current Status and Risk
The health score assigned to the pool is currently rated at a low 20 out of 100. While automated risk flags show no immediate system errors, the near-zero liquidity renders the pair unusable for standard trading activities. Users attempting to swap tokens would face extreme slippage or failed transactions due to the lack of depth.
- Peak value reached $55,391 before draining
- Current remaining balance is approximately $3
- Total drawdown percentage stands at 100%