WETH/DOGEUS Pool on Base Collapses to Zero Liquidity
A specific liquidity pool for the WETH/DOGEUS token pair on the Base blockchain has completely drained, resulting in a 100% drawdown from its highest recorded value. The pool, identified by address 0x157a56c6e265e6ba3c9ed678421778b696ceb2e6, currently holds no remaining liquidity and carries a low health score of 20.
A liquidity pool designed to facilitate trading between Wrapped Ether (WETH) and the DOGEUS token on the Base network has suffered a total collapse. Data indicates that the pool has transitioned from a state of active operation to a completely drained status. This event marks a significant shift in the on-chain landscape for this specific asset pair, moving from a functional market maker to a dead pool with zero remaining capital for traders.
The Event Timeline
The decline of this specific pool was first detected on the blockchain on June 9, 2026, at 17:01:23 UTC. At that moment, the pool was already in a state of severe distress, having lost all its value. The deployment of this pool was handled by the wallet address 0xfbcbcff9300184ec0947562ef0224adea60a0d2a. The rapid transition to a dead state suggests that the liquidity was removed almost entirely in a short window, leaving the pool unable to support any new trades.
Analysis of the Numbers
The financial metrics associated with this pool illustrate the severity of the event. The pool reached a peak liquidity of $10,715 before the collapse occurred. Following the event, the current liquidity stands at exactly $0. This represents a drawdown of 100% from the peak. In practical terms, a 100% drawdown means the entire pool was emptied, not that the value doubled. The health score for this pool is currently recorded at 20 out of 100, which is a low rating indicating poor conditions. Despite the on-chain risk flags showing as 'ok', the absence of liquidity renders the pool functionally useless for standard trading activities.
Implications for Traders
For users monitoring the Base network, this event serves as a stark reminder of the volatility inherent in smaller liquidity pools. When a pool drops to zero liquidity, it effectively ceases to exist as a trading venue. Traders attempting to access this pair would find no counterparties or capital to execute swaps. The data suggests that the initial capital provided by liquidity providers was fully extracted or removed, leaving the pool address 0x157a56c6e265e6ba3c9ed678421778b696ceb2e6 empty. This situation highlights the importance of monitoring liquidity depth before engaging with specific token pairs, especially those with lower total value locked.
- Peak liquidity was $10,715 USD.
- Current liquidity is $0 USD.
- The drawdown percentage is 100%.
- The pool health score is 20.
Understanding these metrics helps investors distinguish between a healthy market and a drained asset. The complete loss of the $10,715 in value indicates a total failure of the pool mechanism to retain capital, a scenario that requires careful scrutiny before any future interaction with similar assets.