WETH/Monid Pool on Base Drops $56k Liquidity
The WETH/Monid trading pair on the Base network experienced a severe reduction in available funds, dropping from an initial high of over fifty-six thousand dollars to nearly zero within weeks. This significant drawdown indicates that the pool is effectively non-functional for standard trading purposes as liquidity has been drained or removed.
A specific liquidity pool on the Base network dedicated to swapping Wrapped Ether against Monid tokens faced a drastic reduction in available capital. The event was first detected by monitoring systems on June 16, 2026, at approximately 07:09 UTC. At that moment, the health score for this interaction had already fallen significantly from its operational standards.
The Peak and The Drop
At the height of activity before the incident, the pool held a total value of $56,564 in combined assets available for swapping. This figure represented the maximum capacity users could rely on to execute trades without severe slippage. However, subsequent actions by the deployer wallet at address 0xf62770c9e1610404945d721466d672807f1bfb8e resulted in a complete removal of that capital.
Current Status
The current state of the pool shows only $3 remaining in liquidity. A drawdown percentage calculated at 100% reflects that virtually all funds have been withdrawn or rendered inaccessible for normal market participants. While on-chain risk flags currently show as ok, a health score of 20 suggests severe instability. The contract address involved is 0x14b1f30381fad9edf929a4612d35bf26292a0f77.
Implications for Traders
- A pool with near-zero liquidity cannot support standard market orders without extreme price impact.
- The remaining $3 is insufficient to facilitate any meaningful exchange between WETH and Monid tokens.
- This event demonstrates how quickly a previously active pair can become unusable after initial deployment.
Readers should note that when liquidity drops from tens of thousands of dollars to single digits, the pool effectively ceases to function as an efficient exchange mechanism. This specific instance highlights the volatility inherent in newly deployed pools where capital may be rapidly extracted or consolidated elsewhere shortly after launch.