WETH/RELIQT Base Pool Dries Up After $54k Peak
The WETH/RELIQT trading pair on the Base network experienced a total loss of its recorded liquidity. The pool dropped from a peak valuation of $54,749 to just three dollars within days.
A specific trading venue for the WETH/RELIQT pair on the Base blockchain has effectively ceased functioning. The event was first detected by automated monitoring systems at 10:12 UTC on June 17, 2026. At that moment, the pool contract identified as 0x99d3a201ddeb80a81c6819e957a30864e5412770 held a significant amount of capital before it vanished.
The Scale of the Drop
Analysts tracking on-chain movements noted that the liquidity available for swaps fell from $54,749 to merely $3. This represents a drawdown where the remaining funds are statistically negligible compared to the initial pool size. Such an extreme reduction indicates that nearly every dollar previously deposited was removed in a single transaction or series of transactions.
Pool Health Metrics
The current health score for this venue is 16 out of 100, reflecting its deteriorated state despite the on-chain risk flags showing no immediate malicious activity. The deployer wallet associated with the contract holds address 0x416bdd4fc9fa2668d6e0000fb2e26aebf7fa564a. While standard security scanners did not flag an attack, the rapid exit of funds suggests a deliberate withdrawal by the liquidity provider or a mechanism that drained the reserve.
Implications for Traders
- Liquidity providers lost access to their principal within hours.
- The pool is now considered dead with no viable trading volume.
- Future attempts to add funds may result in immediate loss if similar mechanics apply.
Readers should note that a 100% impact figure means the entire liquidity bucket was emptied. This specific event highlights how quickly capital can disappear from decentralized venues, even when automated risk tools do not immediately trigger alerts for standard protocol violations.