XALGORIX/WETH Pool on Base Loses All $60k Liquidity
The XALGORIX/WETH trading pair on the Base blockchain experienced a severe contraction in available funds. What started as a viable market with significant depth is now effectively non-functional for standard traders.
A specific liquidity pool designed to facilitate swaps between XALGORIX and WETH on the Base network has undergone a dramatic change in status. The event was first detected by monitoring systems at 11:00 UTC on June 19, 2026. At that moment, the health score for this interaction dropped significantly from normal operating levels to a critical rating of 20 out of 100.
The Numbers
Historical data reveals that the pool once supported substantial trading volume before its current state. The maximum amount of capital available in the reserves reached $60,113 during earlier periods of operation. This represented a healthy ecosystem for users looking to exchange assets without slippage issues.
In contrast to those peak figures, the liquidity currently sitting within the contract is merely three dollars. This drawdown represents a total loss of 100% relative to the previous high-water mark. Such an extreme percentage indicates that nearly every dollar previously available for trading has been removed from circulation or drained entirely.
What Happened
The removal of funds was executed by wallet address 0xd22a1adcf533af234aa594dd2bf44066bc37c13c. This deployer initiated the transaction that altered the pool composition so drastically.
- Peak liquidity: $60,113
- Current liquidity: $3
- Total drawdown percentage: 100%
Why It Matters
When a pool shrinks to this degree of emptiness, it ceases to function as a legitimate exchange venue. A trader attempting to swap tokens now faces impossible slippage or complete inability to execute orders.
The contract address for the affected pair is 0xec0eb520120e64129188e992c7acc56166c99504. While on-chain risk flags currently show as okay, the structural integrity of the market has been compromised.
Users should treat this event as a definitive signal that the pair is dead for practical purposes. The transition from a multi-thousand dollar pool to near zero highlights how quickly decentralized finance markets can vanish without warning.