WETH/SPACEX Pool on Base Collapses to Zero Liquidity
On-chain monitoring data reveals that a specific liquidity pool on the Base blockchain has completely drained, resulting in a 100% drawdown from its highest recorded value. The event marks the transition of the WETH/SPACEX pair from an active market to a dead status with no remaining liquidity.
A specific liquidity pool on the Base blockchain has experienced a total collapse, losing all of its recorded value in a single event. The pool, identified by the address 0x3e0c6be4caba99687343d8c9b85797fabd5fe385, was tracking the trading pair between Wrapped Ether (WETH) and the SPACEX token. On-chain metrics indicate that the pool has transitioned from a state of active operation to a dead status, with current liquidity recorded at zero dollars.
The Event Details
The incident was first detected on the blockchain at 01:32:47 UTC on June 6, 2026. At that time, the pool was holding a significant amount of capital, representing a peak liquidity value of $10,289. This figure represented the maximum amount of funds available for traders to swap between the two assets within that specific smart contract. The sudden drop to zero liquidity suggests a rapid withdrawal of funds or a mechanism that rendered the pool unusable for standard trading operations.
Current Health Metrics
Following the collapse, the health score for this specific pool has been calculated at 12 out of 100. This low score reflects the severe degradation of the pool's condition compared to its peak performance. Despite the health score dropping significantly, the on-chain risk flags currently associated with the pool address are marked as ok. This distinction highlights the difference between the operational status of the contract and the specific risk indicators monitored by the data provider. The deployer wallet responsible for the initial creation of the pool is identified as 0x1feb533b40667bc13ea74666be08793fceff8e5e.
Impact on the Pair
The drawdown from the peak liquidity is recorded at exactly 100%. This means that the entire value of the pool has been removed or rendered inaccessible. For users attempting to interact with the WETH/SPACEX pair, the pool is now effectively non-functional. The transition from a live market with over $10,000 in liquidity to a dead pool with zero liquidity represents a complete failure of the liquidity provision mechanism for this specific asset combination on the Base network.
What to Watch
Observers of the Base ecosystem should monitor the deployer wallet 0x1feb533b40667bc13ea74666be08793fceff8e5e for any further activity related to this token pair. Additionally, the sudden change in the health score from a functional state to 12 warrants attention for risk management protocols. The event serves as a data point for analyzing the volatility and potential risks associated with new token pairs on Layer 2 networks like Base.
- Pool Address: 0x3e0c6be4caba99687343d8c9b85797fabd5fe385
- Peak Liquidity: $10,289
- Current Liquidity: $0
- Health Score: 12
- Event Date: 2026-06-06