WETH/VERLO Pool on Base Hits $3 After $56,780 Peak
A specific liquidity pool on the Base chain has effectively ceased operation after losing nearly all its value. The event involves the WETH/VERLO pair, which peaked at $56,780 before dropping to just $3.
A liquidity pool on the Base blockchain has transitioned from active trading to a dormant state. The specific contract involved is 0x28fdc3d8d38041732df9e2844df247885032c722, which paired the native Ether asset with the VERLO token. This event was first detected on June 12, 2026, at 15:34:53 UTC.
The Numbers
The most striking metric is the magnitude of the loss. The pool held a peak liquidity of $56,780 before the event. Currently, the remaining value is merely $3. This represents a drawdown of 100% from the high point. In practical terms, the entire pool size was removed in a single action, leaving the contract with negligible funds.
Pool Health
Analysts monitor the health of these contracts using a score from 0 to 100. Following the drain, the health score for this specific address dropped to 20. While on-chain risk flags currently show as ok, the low health score indicates that the contract is no longer viable for standard trading or liquidity provision. The deployer wallet associated with the contract is 0x7a0a9cba937a72f1532a0ee811fb9c1926a8b683.
What to Watch
Readers should understand that a 100% drawdown means the pool is effectively empty. When a pool drops from tens of thousands of dollars to single digits, it usually signals a complete removal of assets. This leaves the contract technically open but functionally dead for new entrants. The remaining $3 is insufficient to facilitate meaningful swaps, rendering the pair useless for its intended purpose.
- Peak liquidity was $56,780.
- Current liquidity is $3.
- Health score is 20.
This event serves as a clear indicator of the volatility inherent in decentralized finance pools, where assets can vanish almost entirely within minutes.