Base WETH/Monid Pool Drops From $63k To Near Zero
The WETH/Monid trading pair on the Base network has effectively ceased operation, with total liquidity falling from a high of $63,370 to just three dollars. This event marks a complete loss of capital for any participant holding assets in that specific contract address as of June 15.
A trading venue on the Base blockchain has lost its entire funding overnight. The pool dedicated to swapping Wrapped Ether against Monid tokens once supported significant volume before a sudden event reduced its value drastically.
What Happened
The specific contract identified as 0x866c51eecf1bdb38f11fb11a6b05860d609afb77 was active until early Tuesday. At that moment, the system recorded a total value of $63,370 sitting within the shared reserve. By 20:33 UTC on June 15, 2026, the available funds had been removed entirely.
The Numbers
Current metrics show the pool holds only three dollars in liquidity today. This represents a drawdown of exactly one hundred percent from its previous maximum. The health score for this venue has dropped to twenty out of one hundred, indicating severe distress or non-functionality.
Why It Matters
This situation illustrates the volatility inherent in newer decentralized finance markets on Layer 2 networks like Base. A drawdown of this magnitude means that any user attempting to trade into the pool now faces a near-total loss of potential capital, as there is no liquidity left to facilitate exchanges.
What To Watch
- The deployer wallet address associated with the initial setup remains 0x6742c705c07e84108c3505de8558fe364a4e4854.
- On-chain risk flags currently display as ok, though this does not negate the actual loss of funds observed in the pool data.
The rapid transition from a healthy state to a dead status suggests an external extraction or internal mechanism failure occurred within minutes. Investors monitoring Base should treat such sudden liquidity evaporation with caution regardless of current risk flag statuses.