Key Takeaways
- PORT3 token misplaced over 80% of its worth in simply over an hour.
- The crash was triggered by an unauthorized mint of 1 billion PORT3 tokens and speedy sell-offs.
PORT3, the native token of Port3 Community, a challenge constructing a decentralized AI information layer that aggregates and standardizes blockchain information for AI-driven dApps and wallets, crashed greater than 80% right this moment, wiping its market cap from round $18.5 million to $3.5 million in simply over an hour, in accordance with CoinGecko.
The steep decline got here after experiences that an attacker had minted one billion PORT3 tokens and started offloading them throughout liquidity swimming pools, overwhelming market depth and accelerating the token’s collapse.
The Port3 workforce confirmed the exploit, asserting on X that that they had pulled liquidity as a precaution and urging customers to not commerce the token throughout the investigation. In addition they said that they’re ready to speak with the hacker and can present additional updates.
We’re conscious of the current worth transfer. Already working behind the scenes. Admire your endurance. We are going to replace quickly
— Port3 Community (@Port3Network) November 22, 2025
Port3 Community raised $3 million in a seed spherical led by KuCoin Ventures in early 2023. It later secured funding and partnerships from DWF Labs and Leap Crypto.
