WETH/Monid Base Liquidity Hits $3 From $54k Peak
The WETH/Monid liquidity pair on the Base network experienced a severe contraction in available funds. What started as a functional market for swapping assets now shows almost no depth compared to its recent high value.
A specific trading venue for WETH and Monid on the Base blockchain has effectively ceased normal operations. The pool currently holds only $3 in total liquidity after reaching a peak of $54,815 earlier this year. This drastic reduction means users cannot execute standard swap orders without causing massive slippage or finding no counterparties at all.
The Event Timeline
Monitoring data indicates the pool was first detected on June 17, 2026. At that time, it appeared to be a functioning market for exchanging Wrapped Ether against Monid tokens. However, the situation changed rapidly as funds were removed from the contract.
Liquidity Mechanics
The current state of $3 represents nearly zero availability compared to the previous high water mark. When liquidity drops by 100% relative to a peak, it implies that almost every dollar previously sitting in the pool has been extracted or burned.
- Pool address: 0xceddf8fc1a94411af5677f7a2d9ad574b56347b5
- Deployer wallet involved in the setup: 0x15a8143e677df558753a91a31040705f25f0b1c9
- Current health score recorded at 16 out of 100
Market Implications
The remaining $3 is insufficient for any meaningful trade. A healthy pool allows users to buy or sell assets with minimal price impact, but this venue no longer offers that utility. The drawdown suggests a complete withdrawal of capital by the liquidity providers.
Risk Indicators
While on-chain risk flags currently show as ok for general network health, the specific metrics for this pair indicate failure. The pool is effectively dead regarding its original purpose of facilitating exchanges between WETH and Monid. Investors should treat any remaining value in such a contract with extreme caution.