XLE/WETH Pool on Base Collapses to Zero Liquidity
A liquidity pool on the Base blockchain tracking the XLE/WETH pair has experienced a total collapse, with its liquidity value dropping from a peak of $11,011 to exactly $0. This event marks a complete loss of funds within the specific pool contract.
On-chain monitoring has identified a significant event involving a specific liquidity pool on the Base network. The pool, which tracks the trading pair between the XLE token and WETH, has reached a state of complete liquidity exhaustion. Data indicates that the pool has transitioned from a functioning market maker to a dead contract with no remaining value for participants.
The Event Details
The incident was first detected on the blockchain at 12:31:47 UTC on June 5, 2026. At that moment, the pool contract at address 0xec4066cb1a142c4e611fab6977f1b35bfec61c9c was observed to have lost all of its accumulated capital. The drawdown from the pool's highest recorded value is recorded as 100%, indicating that every dollar of liquidity present at the peak has since vanished from the contract's reserves.
The Numbers
Historical data for this specific pool contract shows a peak liquidity value of $11,011 in US dollars. Following the event, the current liquidity standing is recorded as $0. This represents a total drawdown of 100% from the high-water mark. The health score assigned to this pool in its current state is 20 out of 100, reflecting its critical condition. The deployer wallet associated with the creation of this pool is identified as 0xe7cabc17c12e10ccaef06a2e37acce6d095b7785.
Current Status and Risk Flags
Despite the severe drop in liquidity, the on-chain risk flags currently displayed for the event are marked as ok. This classification suggests that while the liquidity has vanished, the event has been logged as a standard on-chain occurrence rather than a flagged security breach in the monitoring system. The pool is now categorized as dead, meaning no new trades can be executed against the existing liquidity. The collapse occurred within the Base ecosystem, highlighting the volatility inherent in newer token pairs and the potential for rapid liquidity depletion in decentralized finance markets.
- Pool Address: 0xec4066cb1a142c4e611fab6977f1b35bfec61c9c
- Deployer Address: 0xe7cabc17c12e10ccaef06a2e37acce6d095b7785
- Peak Liquidity: $11,011
- Current Liquidity: $0
- Event Date: 2026-06-05
Investors and traders utilizing the Base network should remain aware of the status of such pools. A health score of 20 indicates a high-risk environment where the pool is effectively non-functional. The rapid transition from a peak of over eleven thousand dollars to zero liquidity demonstrates the fragility of certain asset pairs on Layer 2 networks. Users are advised to verify pool health before engaging in transactions involving XLE or similar tokens on Base.