WETH/GLYPHS Pool On Base Drops $52K To Near Zero
The WETH/GLYPHS trading pair on Base experienced a severe drawdown, falling from a high of $52,551 to just three dollars. This event marks the complete loss of usable liquidity for this specific pool address.
A decentralized exchange pool combining Wrapped Ether and GLYPHS tokens on the Base network has effectively ceased to function as a trading venue. The pair reached its highest recorded value of $52,551 before suffering a total drawdown from that peak.
The Event Details
On-chain data indicates this specific liquidity pool was deployed by wallet 0x29ae42a118b541d5933a843fd4daf3374fa65887. The first instance of significant movement occurred on June 20, 2026. Since that time, the health score for this asset combination has dropped to a low rating of twenty out of one hundred.
Liquidity Status
The current state of the pool shows only three dollars remaining in total liquidity. This figure represents a reduction from the peak value where traders could previously execute swaps without causing extreme slippage. When a metric reaches 100% drawdown, it signifies that the available funds for trading have been entirely removed or drained.
Market Implications
- The pool address is now listed as dead with no active volume.
- Risk flags currently show as okay despite the zero liquidity state.
- This event mirrors previous incidents where large sums vanished from Base pools overnight.
Readers should note that a single trade in this environment would likely consume the entire remaining pool. The drastic change means standard trading strategies are no longer viable for this specific pair on the network.