$59k Liquidity Vanishes From WETH/KRN Pool On Base
The WETH/KRN liquidity pool on the Base network has effectively ceased functioning with only three dollars remaining in reserves. This event represents a total loss from an initial high-water mark of nearly sixty thousand dollars.
A specific trading venue for Wrapped Ether and KRN tokens on the Base blockchain has experienced a catastrophic reduction in available funds. The pool, identified by contract address 0x06d2797b60d3f2f55a6cba4c8fc51b08767b5b56, was established by wallet 0x05692d839c9fc32949fb51c8e6a880314e1dce0b. Monitoring data first flagged this anomaly on June 23, 2026.
The Numbers
At its strongest point before the event, the pool held a total value of $59,418 in assets available for swapping. Following the incident, that same venue now holds merely three dollars. This represents a drawdown percentage exceeding one hundred percent relative to normal operating levels.
To understand this figure correctly: when an impact metric exceeds 100%, it signifies that the remaining liquidity is smaller than what existed in the pool at its peak moment. In practical terms, traders cannot access nearly any of the capital they saw previously listed on public trackers.
Current Status
The system assigns a health score of 20 to this specific venue out of a possible one hundred points. While automated risk flags currently show no immediate technical errors in the blockchain code, the operational reality is that the pool is dead for practical purposes.
This situation means users attempting to swap tokens into or out of KRN against WETH will face extreme slippage or be unable to execute trades at all. The liquidity depth required for standard market operations has evaporated entirely from this contract address, which should only appear once in any analysis due to its unique nature.
What To Watch
- The deployer wallet remains active but the pool itself is drained.
- No new liquidity has been added since the peak event occurred.