WETH/SUPERGEMMA Liquidity Vanishes From $60k Peak On Base
The Weth/Supergemma trading pair on the Base network experienced a total loss of liquidity, dropping from a peak of $60,250 to just three dollars. This event marks the complete removal of capital that users could previously trade against within this specific smart contract.
A trading pair involving WETH and SUPERGEMMA has effectively ceased to function as a viable market. The liquidity available for swaps vanished almost entirely within the span of roughly 24 hours following its initial detection by monitoring systems.
The Event Details
Monitoring tools first flagged this specific incident on June 22, 2026, at approximately 19:03 UTC. At that moment, a pool identified by the contract address 0x104f2404061fcbeefaa2e6168e4212707c479ef4 held significant capital for users to trade.
The Numbers Behind The Drop
The financial impact is defined by a single, stark figure: the drawdown from peak reached 100%. This metric indicates that every dollar previously sitting in the contract was removed. To put this into perspective, the pool started with $60,250 worth of assets and now holds only $3.
This situation is not a standard market correction where prices fluctuate; it represents an extreme event often associated with liquidity draining or rug pulls. When a drawdown hits 100%, no new trades can occur because there are insufficient funds to facilitate exchanges between the two tokens involved in this pair on Base.
What To Watch
- The deployer wallet responsible for creating this contract is 0x8862c6d14da99b46f2d15b74b357163d8671ec9d.
- Risk flags currently show as ok, though the health score has plummeted to 20.
For investors holding tokens in this specific contract, the ability to exit positions is likely gone. The remaining $3 represents a negligible fraction of what users originally deposited or swapped against. This event highlights how quickly liquidity can disappear on newer chains like Base when large amounts are moved out by an operator.