WETH/SPCX Liquidity Pool on Base Collapses to Zero
On-chain data reveals that a specific WETH/SPCX liquidity pool on the Base blockchain has experienced a total collapse, with liquidity dropping from a peak of $10,526 to $0. The pool is now classified as dead with a health score of 16.
A specific liquidity pool on the Base blockchain has reached a critical state of failure, resulting in a complete loss of available funds for traders. The pair in question involves Wrapped Ether (WETH) and a token identified as SPCX. On-chain monitoring indicates that the pool has transitioned from a state of active trading to a completely drained status. This event marks a significant shift in the risk profile for participants who may have interacted with the contract prior to the collapse.
The Collapse Details
The event was first detected on the blockchain at 01:11:25 UTC on June 6, 2026. At the time of detection, the pool had already suffered a catastrophic drawdown. The liquidity, which represents the total value of assets available for swapping within the pool, had fallen from its highest recorded point to absolute zero. This 100% drawdown signifies that the pool is no longer functional for standard trading operations. The current status of the pool is recorded as dead, indicating that the contract likely holds no redeemable value for external users.
Financial Metrics and Health
Analysis of the pool's financial history shows a stark contrast between its operational peak and its current state. At its height, the pool held a total liquidity value of $10,526. This figure represented the combined value of WETH and SPCX tokens deposited by liquidity providers. Following the event, the liquidity value is now recorded as $0. The health score assigned to this pool is 16 out of 100, reflecting a severely compromised state. While the on-chain risk flags currently display as ok, the structural failure of the pool suggests that the underlying mechanics or the specific token pair have become unsustainable.
Deployment and Current Status
The contract responsible for this liquidity pool was deployed by the wallet address 0xf1cad9c8cb5d73903d462ec27e4d83ced3214261. The specific pool address is 0x943f4aaac9bb99428e1ee4c25475cf0127dd6fed. The deployment occurred on the Base network, which is known for hosting various DeFi applications. The rapid transition from a functioning market to a dead pool within a short timeframe highlights the volatility inherent in decentralized finance. Investors and traders should note that once a pool reaches a health score this low and a liquidity value of zero, recovery is typically impossible without external intervention.
- Pool Address: 0x943f4aaac9bb99428e1ee4c25475cf0127dd6fed
- Deployer Wallet: 0xf1cad9c8cb5d73903d462ec27e4d83ced3214261
- Peak Liquidity: $10,526
- Current Liquidity: $0
- Health Score: 16
The data confirms that the pool is effectively non-operational. The loss of 100% of the peak liquidity suggests a complete drain or a mechanism that removed all available funds. Users interacting with this specific pair on Base should be aware that the contract is no longer viable for providing liquidity or swapping assets. The event serves as a concrete example of the risks associated with emerging tokens and liquidity pools on Layer 2 networks like Base.