WETH/Verity Pool On Base Loses All Liquidity
The WETH/Verity trading pool on the Base blockchain has effectively ceased operations, with total value locked falling from a high of $61,566 down to just three dollars. This event marks a complete loss of usable funds within that specific market pair following an undetected drain.
A trading venue for Wrapped Ether and Verity tokens on the Base network has lost nearly all its value. The pool initially attracted significant capital before a rapid exit event occurred in late June 2026.
The Event Details
Deployed by wallet address 0xc9c764a490d027e2f8ab892cd5a0afb0e0e6c044, the contract sits at 0xca4014a3bb11fc24f5574ad0aa51f744c426fff2. The system recorded a peak health score of 20 points before the liquidity vanished. This specific incident was first flagged on June 21, 2026.
The Numbers Behind the Drop
At its strongest moment, this venue held $61,566 in total value locked for traders to swap assets against one another. Within a short window of time, that entire amount was removed from circulation. The current state shows only three dollars remaining inside the contract.
This represents a drawdown where the available funds are now negligible compared to the initial size. Such an extreme reduction means any new user attempting to enter this market would find no meaningful depth for their orders, as the pool is essentially empty relative to its former capacity.
What This Means For Traders
- The pair can no longer function as a viable exchange location due to insufficient funds.
This situation highlights how quickly capital can disappear from decentralized venues. The on-chain risk flags currently show as okay, yet the practical utility of this specific contract is gone. Investors who held positions here before the drain would have faced significant losses or an inability to exit their trades at fair market prices once the liquidity was stripped away.