WETH/OFFSETXYZ Pool on Base Loses All Liquidity After $54,784 Peak
A trading pair on the Base network has effectively ceased operation, with liquidity falling from a peak of $54,784 to just $3. This event indicates a complete loss of usable funds in the pool, a common outcome for small-cap tokens or failed projects.
A specific liquidity pool on the Base blockchain has transitioned from active trading to a dormant state. The pair, consisting of Wrapped Ether and the OFFSETXYZ token, saw its available capital vanish almost entirely. At its height, the pool held $54,784 in total value locked. Today, that figure stands at $3. This represents a drawdown of 100% from the peak, meaning the pool is now functionally empty and cannot support standard trading operations.
The Mechanics of the Drain
The event was first detected on June 11, 2026, at 06:05:53 UTC. The pool contract is identified as 0xeed9aec31adc738fdff17f9704f27cd2c38a1af9. The funds were removed by a single deployer wallet: 0x094bc32856926950f543d67b8ce175381146a3ab. When a pool drops to such a low level, it is often referred to as a rug pull or a drain, where the liquidity provider or a malicious actor removes all assets, leaving the pool useless for new participants.
What the Numbers Mean
The health score for this pool is currently 20 out of 100, reflecting its critical condition. A score this low combined with zero liquidity suggests the project has failed or been abandoned. For a reader, this means any attempt to trade the OFFSETXYZ token against WETH will fail or result in massive slippage. The on-chain risk flags currently show as ok, but this metric often lags behind the actual event of a drain. The extreme drop from over $54,000 to $3 highlights how quickly small pools can vanish on Layer 2 networks like Base.
Implications for Traders
Traders should treat any pool with a health score below 50 with extreme caution. The sudden nature of this event means that users who entered positions near the peak may have been unable to exit their trades before the liquidity vanished. The remaining $3 is negligible and serves only as a technical residue of the contract. Investors should verify liquidity depth before entering trades on new pairs to avoid similar losses.
- Pool contract: 0xeed9aec31adc738fdff17f9704f27cd2c38a1af9
- Deployer: 0x094bc32856926950f543d67b8ce175381146a3ab
- Current status: Dead