WETH/HH Pool on Base Loses All Liquidity
The WETH/HH liquidity pool on the Base network experienced a total collapse, dropping from a high of $54,284 to just $3. This event marks the complete loss of usable funds in that specific market pair.
The WETH/HH trading pool on Base has effectively ceased operation after a rapid and total depletion of its reserves. What began as an active marketplace for swapping Wrapped Ether against the HH token now holds only $3 in value, representing a 100% drawdown from its highest recorded level.
The Collapse
At its peak on June 22, 2026, this specific pool held over $54,000 worth of assets. Within the span of that day's activity, those funds were removed entirely. The current status is classified as dead, with a health score indicating severe distress at just 16 out of 100.
The Numbers
Deployer wallet 0x5aaf1eb8dcbc5c8df1c1c07a1c32c8b4bfe8c9fe initiated the pool at contract address 0x386d503e14c791619f59bfb4827083f8888e9abf. The sudden shift from a healthy market to an empty one suggests funds were withdrawn faster than they could be replenished or traded.
- Peak liquidity reached $54,284
- Current value stands at $3
- Total drawdown is 100%
What to Watch
This event highlights the volatility inherent in new token pairs on Layer 2 networks. When a pool drops from tens of thousands to single digits, it often signals that one side of the trade was drained or removed by an owner. Investors should verify liquidity depth before entering such positions.