WETH/Orbit Pool on Base Drops to $3 From $53,652 Peak
A decentralized exchange pool on the Base network tracking WETH and Orbit tokens has effectively ceased operation. The event shows a total loss of liquidity, dropping from a peak of $53,652 to a current value of $3.
A specific liquidity pool on the Base blockchain has transitioned from an active trading venue to a dormant state. The pair, consisting of Wrapped Ether and Orbit, recorded a maximum liquidity value of $53,652 before experiencing a complete drain. Today, the pool holds only $3 in total value, marking a 100% drawdown from its highest point. This event occurred on June 12, 2026, at 13:22:25 UTC, initiated by the deployer wallet 0x2d4b15fe512fad17f9c26f1bb55ff67816c0a512.
The Mechanics of the Drop
The data indicates that the pool is now considered dead. When a liquidity pool drops to such a low figure, it means the vast majority of the funds have been removed from the contract. A 100% drawdown signifies that the current liquidity is negligible compared to the peak. In practical terms, the pool can no longer facilitate meaningful trades for users seeking to swap between these assets at the previous rates.
Understanding the Health Score
Despite the lack of liquidity, the on-chain risk flags currently show as ok. However, the health score for this specific pool is recorded at 20 out of 100. This low score reflects the severe reduction in available capital. The contract address for this pool is 0x376ff73be0d65044f5580aae903eb5937d94da39. The drastic fall from a $53,652 peak to $3 suggests a rapid exit of funds, which is a common characteristic of pools that have been drained or abandoned.
What This Means for Users
For anyone monitoring this specific pair, the primary takeaway is the loss of utility. The swap function is effectively broken for standard trading volumes. The remaining $3 is likely insufficient to cover transaction costs for a standard trade, rendering the pool useless for price discovery or execution. Investors should be aware that a pool with a health score of 20 and zero liquidity is no longer a viable place to enter or exit positions.
- The pool lost all significant liquidity.
- The current value is $3.
- The event was detected on June 12, 2026.