WETH/PALM Base Pool Drops From $57k Peak To Near Zero
An automated market maker pairing Wrapped Ether with PALM tokens on the Base blockchain experienced a total loss of liquidity. The pool held approximately $57,948 in assets at its highest point before dropping to just three dollars today.
A specific trading venue on the Base network that facilitated swaps between WETH and PALM tokens has effectively ceased functioning. The pool currently holds only $3 in total value after a significant reduction from its operational maximum.
The Event Details
Monitoring tools detected this change starting at 00:23 UTC on June 21, 2026. At that moment, the liquidity available for trading was already critically low compared to recent history. The pool address is identified as 0x0ab33572cd02efe62d85f45aedfba2b634f97844.
The Numbers
Historical data indicates the venue reached a peak value of $57,948. This figure represents the total amount of assets sitting in the contract available for users to trade against each other. Since that high point, the liquidity has fallen by 100 percent relative to its previous size.
While current metrics show an impact percentage exceeding standard thresholds due to the near-empty state, this simply means a single transaction could now move all remaining funds without affecting price significantly. The health score for this venue is currently rated at 20 out of 100, indicating poor standing despite no specific on-chain risk flags being raised by automated scanners.
What This Means
- The pool has transitioned from a functional trading environment to one with negligible depth.
- Liquidity providers have lost the vast majority of their initial capital contribution.
This situation suggests that either funds were removed entirely or no new assets are entering the contract. For observers tracking Base ecosystem activity, this event highlights how quickly a specific trading pair can vanish from view once liquidity evaporates completely.