WETH/RELIQT Base Pool Drops From $62k Peak To Near Zero

A specific trading venue on the Base blockchain has effectively ceased normal operations following a massive reduction in available funds. The pair involved is WETH/RELIQT, and its current state reflects a total loss of utility for standard market participants.

The Event Details

Monitoring data indicates that this specific contract held significant capital before the incident occurred. At one point, the pool contained $62,059 in combined liquidity across both assets. This amount represented a healthy environment where users could swap tokens with minimal price impact.

The Numbers

Following the initial detection on June 16, 2026, at approximately 06:33 UTC, the situation changed rapidly. The total value locked in that specific contract address has fallen from its peak to just $3 today. This represents a drawdown of roughly 99.95%, which is functionally equivalent to losing all funds.

When an impact metric suggests such extreme volatility or loss, it usually means the remaining capital cannot support standard trading sizes without causing massive price swings for everyone involved. The health score currently sits at 20 out of 100, signaling severe distress despite on-chain risk flags showing no immediate external attack vectors.

What to Watch

The deployer wallet associated with this contract is 0x2f1e843bc3b95bf977dd7e4edd50c2782ec6b861. Traders should be aware that a pool dropping from tens of thousands to single digits often indicates an intentional removal of liquidity rather than organic market decay.

• The contract address 0x9e8d130b06533960b9ca9fed39a83e0c24c28a97 is now effectively dead for trading purposes.
• Users attempting to enter positions here will face the full brunt of that drawdown immediately.