WETH/dPEG Pool On Base Loses All $62k Liquidity
The WETH/dPEG trading pair on the Base network experienced a total loss of its recorded capital. What once held over sixty-two thousand dollars in value now shows only minimal activity.
A specific liquidity pool for Wrapped Ether and dPEG tokens on the Base blockchain has effectively ceased functioning as a trading venue. The event was first detected by monitoring systems at 15:28 UTC on June 22, 2026.
The Numbers
At its height before this incident, the pool managed to hold approximately $62,935 in total value locked. This figure represented a period of normal market activity where users could swap assets with reasonable depth. Following that peak, the capital vanished almost entirely.
The current state shows only $3 remaining within the contract address 0xba9f34312593db344ffc6277c489407709a614d8. This drawdown from peak represents a complete depletion of usable funds for standard trading operations.
What Happened
The health score assigned to this pool has dropped significantly, currently sitting at 20 out of 100. While on-chain risk flags remain marked as okay in the system logs, a healthy liquidity metric is essential for any decentralized exchange pair.
- Peak value reached $62,935
- Current balance stands at $3
- Liquidity drawdown equals 100%
A drop of this magnitude means the pool is effectively dead. Any attempt to execute a trade now would result in an extreme slippage or failure, as there are no counterparties left.
What To Watch
The deployer wallet associated with this contract holds address 0xaeaf901e87c38461b3d1d919c5c25e8d7c50a6c1. Investors should monitor whether similar pairs under the same deployment strategy face comparable issues.
When a pool loses all its liquidity, it signals that capital has been removed or drained faster than new deposits could replenish it. This specific event highlights how quickly market conditions can shift on newer chains like Base, turning active markets into empty shells in hours.