WETH/SPIN Pool on Base Collapses to Zero Liquidity
On-chain data reveals that a specific WETH/SPIN liquidity pool on the Base blockchain has completely collapsed, with liquidity falling from a peak of $10,023 to zero. The event was first detected on June 6, 2026, and the pool currently holds a health score of 20.
A liquidity pool on the Base blockchain has experienced a total collapse, resulting in the complete loss of its recorded value. The specific pair in question involves Wrapped Ether (WETH) and a token identified as SPIN. This event marks a significant shift in the state of the pool, moving from a state of active liquidity to a completely drained status. The data indicates that the pool is now considered dead, with no remaining funds available for trading or withdrawal.
The Event Timeline
The initial detection of this anomaly occurred on June 6, 2026, at 04:07:47 UTC. At this specific moment, the system registered a drastic change in the pool's metrics. The pool address associated with this event is 0x7f81eb53e982d27d8aaba15ebfea7b008d23013d. The sudden drop in value suggests that the liquidity previously held within this contract has been removed or rendered inaccessible. The deployer wallet responsible for the initial creation of this pool is identified as 0xaf63f7d77bee8bf54bb8f227dd56536decf573f4.
Financial Impact and Metrics
The financial magnitude of this collapse is defined by the drawdown from the pool's peak performance. At its highest point, the pool held a total liquidity value of $10,023. Following the event, the liquidity value dropped to exactly $0. This represents a 100% drawdown from the peak, indicating that the entire capital base was lost or extracted. The current health score for this pool is recorded at 20 out of 100, which reflects the critical and non-viable state of the asset pair. Despite the on-chain risk flags currently showing as 'ok', the liquidity metrics confirm the pool is no longer functional for standard trading operations.
Implications for the Base Ecosystem
This event highlights the volatility inherent in decentralized finance pools, particularly those involving newer or less established tokens like SPIN. The transition from a peak of over $10,000 to zero liquidity in a single detection window underscores the rapid nature of such market events. Investors and traders monitoring the Base chain must remain vigilant regarding the health scores and liquidity depths of pools they interact with. The complete drain of the pool suggests that the mechanism allowing for the removal of funds was executed successfully, leaving the contract empty. This specific incident serves as a data point for analyzing liquidity risks on the Base network.
- Pool Address: 0x7f81eb53e982d27d8aaba15ebfea7b008d23013d
- Deployer Wallet: 0xaf63f7d77bee8bf54bb8f227dd56536decf573f4
- Peak Liquidity: $10,023
- Current Liquidity: $0
- Health Score: 20
The data confirms that the pool is currently inactive. The 100% drawdown is a definitive metric that separates this pool from any active market opportunities. Users attempting to access this pair will find no liquidity to facilitate trades. The event timeline starting from June 6, 2026, provides a clear record of when the liquidity vanished. This factual record helps in understanding the lifecycle of this specific liquidity pair on the Base chain.