Moonwell WELL

What WELL actually is on-chain

Moonwell is an ERC-20 deployed on Base, at contract address 0xff8adec2221f9f4d8dfbafa6b9a297d17603493d. That address, not the ticker WELL, is what uniquely identifies this asset: anyone can deploy a second token calling itself WELL, but the contract is unforgeable. Verify it against basescan.org before sending funds or approving a spend.

Because it lives on Base, WELL is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in WELL itself, and secondary liquidity sits in Aerodrome and Uniswap pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For WELL the project publishes a whitepaper, a public source repository and an active account as @MoonwellDeFi. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where WELL sits in the market

Ranked #913, Moonwell falls in the upper small-cap band. The order book absorbs size poorly at this depth: one meaningful market order can reprice the tape by several percent before it retraces minutes later. A lone static price target therefore fires on noise, and what you want is a condition built to survive that wick. Venue coverage is narrow, which makes volume-based delisting a concrete risk rather than a theoretical one.

CryptoPingAi is currently streaming 2 live WELL order books (Gate.io, HTX). That is coverage in line with a #913 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. None of the books we see for WELL are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

WELL against its all-time high

More than 95% separates WELL from its all-time high of $0.2988 (on 2022-06-23) — a 163x recovery. At that distance the high stops working as a reference at all; it belongs to a different supply structure, a different holder base and typically a different cycle. What carries information for WELL now is the downside, so read the range section below before this one. It was set 4 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

WELL across its historical range

WELL has traded across a 100x range, between $0.00298508 and $0.2988. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

At -38.4% above its record low of $0.00298508 (on 2022-12-21), WELL sits near the edge of its own price history. Nothing has traded beneath that level, so there is no support to reference, no volume shelf and no cost-basis cluster underneath. The low is old enough to have held as a floor across several market regimes — a materially different setup from one printed recently.

WELL supply and valuation data

Moonwell sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for WELL but not an audited token count. What we do have is a fully diluted valuation of $24.2 million as of 2026-05-12. That is in the upper quartile of tracked assets by fully diluted value.

Since the figure is a snapshot rather than a live number, we do not reverse it into a supply count: the price has moved since it was taken, and that division would produce a confident but incorrect token count. For any per-token valuation, check the current supply on the project's own explorer first. The authoritative figure is the one basescan.org reports for this contract.

What kind of asset WELL is

Moonwell is a DeFi protocol token, which ties it to total value locked and to the interest-rate environment on-chain. These assets carry a beta to the market plus a second exposure that is easy to miss: protocol risk. A contract exploit or an oracle failure repriced instantly and independently of any market move, and that tail is a real component of holding the token.

CoinGecko files WELL under 7 categories, including Decentralized Finance (DeFi), Lending/Borrowing Protocols, Moonbeam Ecosystem, Base Ecosystem, Coinbase Ventures Portfolio. CoinGecko also records deployments on Base (1,487 tracked tokens), so its on-chain liquidity and its user base move with that network. Worth flagging from the metadata: WELL is tagged as US-originated.

How to set a Moonwell alert that is worth receiving

Moonwell is the ERC-20 at 0xff8a…493d on Base — quoted on 2 venues we stream — high dated 2022-06-23 — rank #913. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →