WETH/SPCX Liquidity Pool on Base Collapses to Zero
A liquidity pool for the WETH/SPCX token pair on the Base blockchain has completely drained, resulting in a 100% drawdown from its peak value. The pool, which once held over $10,600 in assets, now shows zero liquidity and a health score of 16.
A specific liquidity pool on the Base blockchain has experienced a total collapse, transitioning from an active market to a dead state. The event was first detected on June 9, 2026, at 17:39 UTC. This incident involves the trading pair between Wrapped Ether (WETH) and the token SPCX. The data indicates that the pool has been completely emptied, leaving no liquidity for traders to execute swaps. This situation represents a significant loss of value for any assets locked within the contract, as the total liquidity has fallen from a peak of $10,631 to exactly $0.
The Numbers Behind the Collapse
The magnitude of this event is defined by the stark contrast between the pool's initial state and its current condition. At its peak, the pool held $10,631 in total liquidity. Following the incident, the liquidity dropped to $0, representing a drawdown of 100% from the peak. In practical terms, a 100% drawdown means that the entire value of the pool has vanished, which is a more severe outcome than a standard market correction. The current health score for this pool is recorded at 16 out of 100, indicating a critical failure in the pool's operational status. The pool contract address is 0x0e5e9ae26cb0015bee906e00ee3b325e2ed6962e, and the wallet responsible for deploying the contract is identified as 0x4096a290e1b06bdf9dab091e74f49e7b8372e51f.
Understanding the Risk Flags
Despite the complete loss of liquidity, the on-chain risk flags associated with the deployment are currently marked as 'ok'. This distinction is important for readers to understand. The 'ok' status refers to the technical verification of the contract code at the time of deployment or the specific risk assessment model used by the monitoring tool, which may not have flagged the eventual drain as a malicious event in real-time. However, the reality of the situation is that the pool is now dead. The discrepancy between the 'ok' flag and the 100% drawdown highlights the limitations of static risk checks against dynamic on-chain events like a drain or rug pull. The pool is no longer functional for trading, and the assets previously listed in the liquidity metrics are no longer accessible through that specific contract.
What This Means for Users
For anyone monitoring the Base network or looking to trade SPCX, this event serves as a stark warning about the volatility of new token pairs. The loss of 100% of the pool's value means that any user who attempted to trade against this pool after the collapse would have found no liquidity to execute their orders. The data shows that the pool went from holding real liquidity to being completely empty in a short timeframe. Users should be aware that a health score of 16 and a liquidity value of $0 indicate that the pair is effectively removed from the market. It is crucial to check the current liquidity status before interacting with any new pool, as a 100% drawdown signifies that the entire pool has been drained, leaving no safety net for traders.
- The pool address 0x0e5e9ae26cb0015bee906e00ee3b325e2ed6962e is now inactive.
- Total liquidity has decreased from $10,631 to $0.
- The event was detected on June 9, 2026.
- The deployer wallet is 0x4096a290e1b06bdf9dab091e74f49e7b8372e51f.