WETH/Workbench Pool on Base Loses All $58k Liquidity
The WETH/Workbench trading pair on the Base network experienced a total loss of its recorded value after holding over $58,000 at its highest point. Current metrics show only three dollars remain in the contract following this rapid depletion.
A specific liquidity pool for WETH and Workbench tokens on the Base blockchain has effectively ceased operation after losing nearly all of its capital. The pair reached a peak value exceeding $58,000 before draining down to just three dollars within a short window starting June 15, 2026.
The Event Details
Monitoring tools detected the drop in real-time as funds exited the contract. The pool address 0x0c4dbac99c02239bd70edfefd602dd6900475ffe, deployed by wallet 0x9f3c7581b12a6b1aa699c004c8b55b2c6bbe3ecc, now holds a health score of only 20 out of 100. This low rating indicates the asset is no longer viable for standard trading activities.
Understanding the Drawdown
The term "drawdown" in this context describes a reduction to zero or near-zero levels, which mathematically results in a calculated impact of 100%. This figure signifies that every dollar previously available was removed from circulation. Such an event often occurs when liquidity is pulled out entirely by the deployer or through a mechanism known as a rug pull.
Why It Matters
- The pool value fell from $58,446 to $3 in less than a day.
- A health score of 20 suggests the contract is functionally dead for new users.
- Risk flags currently show as okay despite the total loss event.
What To Watch
The deployer wallet associated with this contract may initiate similar actions elsewhere if they control multiple pools. Users should verify current liquidity before interacting with any new Base-based pairs involving Workbench tokens to avoid encountering a drained state unexpectedly.