WETH/SPCX Pool on Base Collapses to Zero Liquidity
A liquidity pool for the WETH/SPCX token pair on the Base network has completely drained, resulting in a 100% drawdown from its peak value. The pool, identified by address 0x98531f95fa8d834c895ee4f1e5cb787f01cfa9f8, now shows zero remaining liquidity and a health score of 16.
A specific liquidity pool on the Base blockchain has experienced a total collapse, losing all of its recorded value in a single event. The pool, which facilitated trading between Wrapped Ether (WETH) and the SPCX token, reached a peak liquidity of $10,534 before draining completely. This event marks a significant shift in the on-chain status of the asset pair, moving from a state of active trading to a dormant or dead state where no further liquidity can be added or removed by standard means.
The Event Details
The incident was first detected on the blockchain on June 9, 2026, at 21:27:49 UTC. At that moment, the pool was already in a state of severe distress, having lost 100% of its value relative to its highest point. The current status of the pool is classified as dead, indicating that the liquidity has been fully extracted or the contract has been rendered non-functional. The health score for this pool is currently 16 out of 100, a metric that reflects the critical condition of the asset after the total drawdown.
Understanding the Numbers
The data reveals a stark contrast between the pool's potential and its current reality. The peak liquidity of $10,534 represents the maximum amount of capital that users could have deposited or traded within this specific pair. The current liquidity stands at $0, meaning the entire pool has been emptied. This 100% drawdown is not a minor fluctuation but a complete cessation of the pool's function. The deployer wallet associated with this event is 0x49efc151e613651df9933096cd729345c085ed29. While on-chain risk flags currently show as ok, the total loss of liquidity suggests a mechanism where funds were removed faster than they could be replenished, or the pool was intentionally drained.
Implications for Readers
For observers of the Base network, this event serves as a concrete example of the volatility inherent in newly launched or niche liquidity pools. A 100% drawdown implies that the entire pool size was removed, which is a drastic change from the initial deployment. The fact that the pool is now dead means that any new entrants attempting to trade WETH against SPCX at this address will find no liquidity to interact with. This situation highlights the importance of monitoring liquidity depth before engaging with smaller pools, as a total collapse can occur without prior warning signs visible in standard risk metrics. The health score of 16 further quantifies the poor standing of the pool, confirming that it is no longer a viable venue for trading.
- The pool address 0x98531f95fa8d834c895ee4f1e5cb787f01cfa9f8 is now inactive.
- Total capital loss from peak represents a 100% drawdown.
- The event occurred on the Base chain on June 9, 2026.