WETH/Monid Pool on Base Drops From $57k Peak
An automated market maker for the Monid token on the Base network experienced a severe drawdown. The event occurred in late June 2026 after the pool held significant capital before draining almost entirely.
A specific liquidity pair involving WETH and Monid on the Base blockchain has suffered a catastrophic loss of value. The event was detected by monitoring systems at 20:07 UTC on June 21, 2026. At that moment, the pool had already transitioned from an active trading venue to a near-empty state.
The Event Details
Historical data indicates this specific contract reached a maximum operational capacity of $57,349 in total liquidity. Since hitting that high point, funds were rapidly removed or burned within the system architecture. The current balance recorded on-chain is merely three dollars.
Analyzing the Drawdown
The mathematical impact shows a 100% drawdown from its highest value. In practical terms for an investor holding assets in this pair, their potential to trade or withdraw funds has effectively vanished unless they own the specific token directly outside of the pool mechanics.
Technical Context
- The deployer wallet associated with this contract is 0x86118253539ad4da373368e0c9a888df4420916d.
- The pool address where the event occurred is 0x87e3922c4b7244bc12dc8ce4e8cdba7857ec0090.
Current Health Status
Risk assessment tools currently assign a health score of 20 to this specific contract address. This low rating reflects the absence of meaningful liquidity reserves required for standard decentralized exchange operations. While on-chain risk flags show no immediate external threats, the internal mechanics have rendered the pool functionally dead.
Readers should note that such extreme drops often indicate a deliberate removal of assets rather than natural market volatility. The distinction between a temporary dip and a permanent loss is clear here: there are insufficient funds left to facilitate any meaningful swap transactions for traders looking to enter or exit positions involving this specific pair.