WETH/HH Liquidity on Base Vanishes After $59k Peak
The WETH/HH trading pair on the Base network experienced a total loss of value after holding over $59,000 in assets. Current metrics show only three dollars remain in the contract following this rapid depletion event detected late last month.
A specific liquidity pool for the WETH/HH pair on the Base blockchain has effectively ceased operation after a sudden and complete loss of value. The contract initially supported significant trading volume before dropping from its highest recorded level to near zero within a short window.
The Event Details
On-chain data confirms that the pool, identified by address 0xcdf0cf632d6601cbb08b1bcab3e59a7da68bf6be, reached a peak liquidity of $59,095. This figure represented the maximum amount of capital available for traders to swap assets against one another at that time.
Current Status
The drawdown from this high point is now 100%, meaning no new trades can occur without risking a complete loss of funds entering the contract. The current liquidity stands at just $3, rendering the pool functionally dead for practical trading purposes.
Risk Indicators
Analysis of the deployer wallet at 0xd6b83a4335d82ca5aee0c7776672a968416ce394 shows no immediate on-chain risk flags, yet the health score for this specific pool is critically low. The event was first detected at 2026-06-21 12:47:49 UTC.
What This Means
- A drop of $59k to $3 indicates a total removal of funds rather than normal market fluctuation.
- The health score of 20 suggests the contract is in poor condition for future use.