WCG/WETH Pool on Base Drops From $54k To Near Zero
The WCG token paired with ETH on the Base network experienced a severe liquidity event, dropping from a high of $54,258 to just three dollars. This drastic reduction indicates that the pool is effectively non-functional for standard trading operations.
A specific liquidity pool on the Base blockchain has undergone a catastrophic change in value since mid-June 2026. The pair involving WCG and ETH reached its highest recorded level of $54,258 before suffering an immediate loss of capital.
The Event Details
First detected on June 17, 2026 at roughly 16:59 UTC, the event involved a pool deployed by wallet address 0x2b9485d13a42d72e3bf0267fe58f6e6fd9aaaa41. The contract responsible for this trading venue is located at 0xb2be94f697dd024bfc4811f1342bf726a6050d47.
Understanding the Drawdown
The most striking figure in this dataset is a drawdown of 100%. In plain terms, this metric means that every single dollar previously sitting in the pool has been removed or swapped out. The remaining balance stands at only $3.
This specific drop represents a trade larger than the entire historical capacity of the venue up to that point. When liquidity vanishes completely like this, users cannot execute standard buy or sell orders because there is no depth left in the order book.
Current Health Status
The pool now holds a health score of 20 out of 100, reflecting its precarious state. While on-chain risk flags currently show as ok based on available automated checks, the physical absence of funds suggests the venue is dead for practical purposes.
Investors should note that once liquidity drains to this level, any remaining tokens in circulation may be subject to extreme volatility or become impossible to trade without slippage exceeding 100%. The data confirms a total exit from the market rather than a temporary fluctuation.