WETH/RELIQT Pool On Base Drops From $64k Peak
The WETH/RELIQT trading pair on the Base network experienced a severe reduction in available funds, dropping from a peak of $64,308. The pool now holds only $7 in liquidity and carries a low health score indicating significant distress for traders relying on this specific contract.
A trading venue dedicated to swapping Wrapped Ether against the RELIQT token has effectively emptied its reserves. The event occurred on June 22, 2026, marking a transition from an active market maker status to a near-total absence of funds.
The Numbers
At the height of activity before this incident, the pool contained $64,308 in total value locked. This figure represented the maximum amount available for users to trade without causing excessive slippage or failing transactions entirely. Following the event detected at 11:43 UTC on that date, the remaining liquidity is merely $7.
What Happened
The drawdown from peak represents a complete loss of usable capital for standard trading purposes. When a pool drops by this magnitude, it usually indicates an external removal of funds or a structural failure where the contract no longer functions as intended. The current health score is 20 out of 100, which signals that while on-chain risk flags show 'ok', the economic viability of the pair has deteriorated sharply.
Implications For Traders
- A standard swap attempt now risks failing due to insufficient depth.
- The deployer wallet associated with this contract is 0x07923a14f889e7b957ac0e5336f21dd2efc31cea.
- Users attempting large trades will face extreme slippage or inability to execute orders.
This situation highlights the volatility of newer tokens and pools on Layer 2 networks. The specific contract address for this venue is 0x8488d148bea98e84010ca2bc5916e6a00b3ff3fd, which now serves as a cautionary example of how quickly liquidity can vanish on the Base ecosystem.