$61k Liquidity Vanishes From Base WETH/Verity Pool
A trading pair between Wrapped Ether and Verity tokens on the Base network experienced a total loss of liquidity. The pool, which once held over $60,000 in assets, now contains only three dollars.
A specific trading venue for Wrapped Ether and Verity tokens on the Base blockchain has effectively ceased functioning. The event was first detected at 09:05 UTC on June 16, 2026. At that moment, a significant portion of funds had already been removed from the contract.
The Numbers
At its height, this specific pool held $61,253 in total liquidity. That figure represented the maximum value users could trade against before the event unfolded. Currently, the same address holds just $3. This represents a drawdown of 100% from the peak.
What Happened
The health score for this venue dropped to 20 out of 100 shortly after detection. The pool contract at address 0xec16da282f01cbc40d38f784c6f5514bb024c1fb is now considered dead by monitoring systems. A single wallet, identified as 0xd07a33bbfc18d31f211352c20d2e430a62105e7b, was responsible for the initial deployment of this venue.
Why It Matters
A 100% drawdown indicates that nearly every dollar previously available in the pool has been removed. In practical terms, a user attempting to swap tokens into this pair would find almost no counterpart liquidity waiting for them. The current state suggests an extreme imbalance where one side of the trade is vastly larger than what remains.
- The total value lost from peak levels was approximately $61,250.
- Only three dollars remain in the contract as of the latest check.
Risk Flags
While on-chain risk flags currently show no immediate red alerts for other protocols, this specific incident highlights how quickly a venue can transition from active trading to being empty. The deployer wallet remains associated with the creation event but has since withdrawn or moved assets out of view.