WETH/UNO Pool on Base Collapses to Near Zero

A specific liquidity pool on the Base blockchain has experienced a total loss of value relative to its initial state. The pair in question involves Wrapped Ether (WETH) and a token identified as UNO. At its highest point, this pool contained $54,140 worth of assets. As of the latest measurement, the total liquidity has dropped to $3. This represents a 100% drawdown from the peak, indicating that the vast majority of the funds have been removed from the contract.

The Event Details

The collapse was first detected on the blockchain on June 9, 2026, at 09:42:31 UTC. The contract address associated with this event is 0x1ae389b65ced580d29e63aeb8b8e3d3f0604b7b4. The wallet responsible for deploying this specific pool is identified as 0xdb571349a803610e41b198a2c88a422aa8df10e2. Following the initial deployment, the pool operated with real liquidity until the sudden event occurred. The current status of the pool is recorded as dead, meaning it is no longer functional for standard trading or liquidity provision.

Understanding the Numbers

The health score for this pool is currently 20 out of 100, reflecting its poor condition after the liquidity drain. The drawdown percentage of 100% is a critical metric here. In the context of a liquidity pool, a 100% drawdown does not simply mean the value halved; it means the pool is empty. The remaining $3 is negligible compared to the initial $54,140. This metric confirms that the pool has been drained of its primary assets. While on-chain risk flags are currently marked as ok, this specific status often refers to the current state of the contract rather than the historical event of the drain. The fact that the pool is dead suggests that the liquidity providers have lost their entire investment.

Implications for Users

For anyone monitoring the Base chain, this event serves as a stark example of the risks associated with new liquidity pools. When a pool collapses to near zero, it indicates that the assets were likely removed by the deployer or an external actor. The remaining $3 in liquidity is insufficient to facilitate meaningful trades. Users should be aware that a high health score or an 'ok' risk flag at a specific moment in time does not guarantee the safety of a pool if a drain event has already occurred. The sudden transition from a healthy pool to a dead one highlights the importance of monitoring liquidity levels continuously rather than relying solely on static risk assessments.

• The pool started with $54,140 in liquidity.
• Current liquidity is only $3.
• The drawdown is 100%.
• The pool is now considered dead.

Investors and traders must remain vigilant when interacting with decentralized finance protocols, especially those involving new tokens like UNO. The rapid depletion of funds demonstrates how quickly a pool can become non-functional.