WETH/HH Pool Drains $61k Liquidity on Base
The WETH/HH trading pair on the Base network experienced a severe reduction in available funds. Liquidity that once stood at over sixty thousand dollars has now fallen to three dollars within minutes of detection.
A trading pair for Wrapped Ether and the HH token on the Base blockchain suffered a catastrophic loss of capital. The pool currently holds only $3 in liquidity after losing virtually all its value from a recent high point.
The Event Details
On-chain monitoring detected this event at 10:47 UTC on June 18, 2026. At that moment, the pool contract 0xaa52446171916fd85331530225ff1672b1c90544, deployed by wallet 0x8885370dd2fa0bb329662c1e5cfbbf8033376434, appeared to hold significant funds. However, the current state shows a complete evacuation of assets.
Understanding the Drop
The metric labeled as a 100% drawdown indicates that every single dollar previously available for trading has been removed from the contract balance. When liquidity falls to $3 from a peak of $60,981, it means users can no longer execute meaningful trades without facing extreme slippage or finding nothing at all.
Implications for Traders
This situation renders the pair non-functional for standard market operations. A health score of 20 out of 100 reflects this critical failure, signaling that the pool is effectively dead despite on-chain risk flags showing no immediate external threats.
- Trading volume has ceased entirely due to lack of depth.
- The HH token price in the pair now represents a negligible fraction of its former value.