WETH/grantr Liquidity on Base Drops $59K From Peak
The WETH/grantr trading pair on the Base network experienced a severe reduction in available funds. What was once an active market with almost sixty thousand dollars in capital is now effectively empty at only three dollars remaining.
A specific liquidity pool for WETH and grantr on the Base blockchain has transitioned from a state of normal operation to one that offers no meaningful trading depth. The event was first detected by automated monitoring systems at 18:47 UTC on June 20, 2026.
The Numbers
At its highest point before the incident, this specific pool held a total value of $59,986. This figure represented the maximum amount of capital available for users to swap tokens against one another without causing significant price slippage. Following that peak, the situation changed drastically.
The current state shows only $3 remaining in liquidity. When comparing these two figures, the drawdown from the peak is calculated as 100%. This metric indicates a complete loss of value relative to the previous high water mark. In practical terms, this means that nearly every single dollar previously sitting in the pool has been removed or rendered inaccessible for standard trading activities.
What Happened
The removal of funds occurred from an address associated with contract 0x0acc28fb6d8dc3924c7460df2b43333572465d75. The entity responsible for the initial deployment is tracked at wallet address 0x08df083d39f39de896a09651b35e9cee7b5c797b.
While on-chain risk flags currently show as ok, the health score for this specific pool has dropped to 20 out of a possible 100. This low rating reflects the near-total absence of capital required to function as an exchange pair.
Market Impact
- The ability to swap grantr for WETH is effectively halted due to lack of depth.
- Liquidity providers have lost access to their deposited assets or they were drained entirely.
This event highlights the volatility inherent in newer token pairs where liquidity can disappear rapidly. For a reader, this means that any attempt to interact with this pair now carries extreme risk as there is no buffer against price impact. The pool remains technically active but functionally dead for all intents and purposes.