WETH/MRBASE Liquidity on Base Vanishes After $52k Peak
The WETH/MRBASE trading pair on the Base network experienced a complete loss of its previously tracked funds. What started as a functional market for swapping Wrapped Ether and MRBASE tokens has now dropped to just $3 in remaining value, representing a total drawdown from its highest point.
The WETH/MRBASE liquidity pool on the Base blockchain reached a peak valuation of $52,745 before undergoing a severe contraction. By early morning UTC time on June 21, 2026, that same pool recorded only three dollars in remaining funds. This event marks a transition from an active market to one with negligible depth for traders.
What happened
The specific incident occurred within the contract at address 0x12c48ebcc6dbcf984b85e940256ab95b1bea04b2. The pool, originally deployed by wallet 0x9d66ba094ef8063741512cf0d3af9735f871252f, has effectively ceased normal operation for most participants.
The numbers
Analysts track the health of such pools using a score from zero to one hundred. This specific pool currently holds a rating of 16 out of 100. The drop in value represents a full percentage decrease, meaning every dollar previously available for swapping has been removed or rendered inaccessible.
Why it matters
- A drawdown this large indicates the entire pool was drained rather than just partially reduced.
- The remaining $3 is insufficient to facilitate standard market orders without extreme slippage.
While on-chain risk flags currently show as okay, a liquidity level of three dollars suggests that any attempt to trade WETH for MRBASE here would result in the loss of nearly all capital. Users should avoid attempting swaps until fresh funds enter this contract or it is removed from circulation entirely.
What to watch
The status of a pool with such low health scores often signals that developers have moved assets elsewhere or that external forces emptied the reserve. Monitoring whether new capital attempts to refill the $3 balance will determine if this pair ever regains its former utility on Base.