WETH/Workbench Pool on Base Loses All $52K Liquidity
The WETH/Workbench pair on the Base network experienced a total loss of its initial capital, dropping from a high of $52,069 to merely $3. This event marks the complete removal of funds that were once available for trading within this specific smart contract pool.
A liquidity pool designed to facilitate swaps between WETH and Workbench tokens has effectively ceased operations. The event was first detected on the Base blockchain at 05:11 UTC on June 13, 2026. At that moment, a significant amount of capital had vanished from the contract address 0x97af7cc8405a55bf7bc136077aad68124ae8edae, leaving behind only three dollars in remaining value.
The Scale of the Drawdown
To understand the severity, one must look at where the pool stood before this incident. The contract had previously accumulated a substantial amount of capital from various users and automated market makers. That drawdown represents a reduction to zero percent relative to its maximum capacity.
What Happened
The health score for this specific asset combination has fallen to 20 out of 100, indicating severe distress conditions typical of an empty or drained pool. The deployer wallet associated with the contract is 0x64b457db4c2b81771735df4e1df0c42e57cc70b0. While on-chain risk flags currently show as okay, this metric often lags behind real-time events where funds are moved faster than standard scanners can flag them. The current status is dead.
Implications for Traders
This situation illustrates the volatility inherent in decentralized finance pools with lower initial capitalization. When a pool drops to near zero, slippage becomes infinite, meaning no meaningful trades are possible without depleting the entire remaining balance instantly. Users attempting to exit positions may find their orders fail or execute at prices that differ wildly from expectations because there is insufficient liquidity buffer left.
- Liquidity dropped by 100% from its peak value
- Remaining funds total only $3 USD
- The pool contract remains active but non-functional for trading