A wrapped Ether token just got spotted on BASE chain, and the metrics paint an interesting picture. The contract address is 0x4200000000000000000000000000000000000006, deployed at 0x30F8554D71F72C75477B3626975D794E27BFD311.

Looking at the 24-hour activity, there's essentially no volume flowing in either direction—both buy and sell volumes sit at zero. That's the kind of silence you see with freshly minted or overlooked listings. The liquidity pool is sitting at just $7, which is pretty thin. But here's what catches attention: the market cap has climbed to $605 million, creating a dramatic disconnect between the actual trading depth and the valuation.

This gap between liquidity and market cap is worth keeping an eye on. It could signal anything from early-stage positioning to an imbalance worth investigating further. Worth checking out if you're tracking emerging token movements on BASE.