WETH/OIHon Pool on Base Collapses to Zero Liquidity
On-chain monitoring data reveals that a specific liquidity pool for the WETH/OIHon token pair on the Base blockchain has completely drained. The pool, which reached a peak liquidity of $10,334, now shows zero remaining value, indicating a total loss of funds for liquidity providers.
On-chain data from the Base blockchain indicates a significant event involving the WETH/OIHon token pair. A specific liquidity pool identified by the address 0x75d4b82e7ded7e102a9590eb0ff232f2ee333769 has experienced a total collapse in value. This event was first detected on June 5, 2026, at 18:09:19 UTC. The data shows a stark transition from a functioning market to a completely drained state within a short window of observation.
The Collapse Details
The liquidity pool in question was deployed by the wallet address 0xc058a62e434ff454e5ff13f5ba7dbd4e27033a21. At its peak, the pool held a total liquidity value of $10,334. This figure represents the maximum amount of capital available for trading and providing yield to participants before the event occurred. Following the initial detection, the liquidity has vanished entirely. The current status of the pool is recorded as dead, meaning no further trades can occur and no liquidity remains for users to withdraw or trade against.
Current Health Metrics
Analysis of the pool's current health score provides a quantitative measure of its failure. The health score is currently rated at 20 out of 100, reflecting a critical state of failure. Despite the health score being low, the on-chain risk flags associated with the deployment are currently marked as ok. This discrepancy highlights that standard risk flags may not always predict immediate liquidity drains or that the flags were updated after the event had already concluded. The drawdown from the peak liquidity is calculated at exactly 100%, confirming that the entire pool has been emptied.
Implications for the Ecosystem
The complete loss of $10,334 in liquidity represents a significant event for the Base ecosystem. While the on-chain risk flags do not currently indicate a breach or hack in the traditional sense, the total drain suggests a deliberate removal of funds or a market event that rendered the pool non-functional. The deployer wallet 0xc058a62e434ff454e5ff13f5ba7dbd4e27033a21 is the entity responsible for the initial creation of this pool. The rapid transition from a peak of over $10,000 to zero liquidity suggests a high-velocity event. Investors and liquidity providers should note that pools with such rapid drawdowns often carry substantial risk, even if initial risk flags appear benign. The pool address 0x75d4b82e7ded7e102a9590eb0ff232f2ee333769 serves as a permanent record of this specific on-chain incident.
- Peak liquidity reached $10,334 before the event.
- Current liquidity is $0, representing a 100% drawdown.
- The pool is now classified as dead with a health score of 20.
- Event detection occurred on June 5, 2026, at 18:09:19 UTC.