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 fast sell-offs.
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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% as we speak, 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 studies that an attacker had minted one billion PORT3 tokens and commenced offloading them throughout liquidity swimming pools, overwhelming market depth and accelerating the token’s collapse.
The Port3 group confirmed the exploit, saying on X that they’d pulled liquidity as a precaution and urging customers to not commerce the token through the investigation. Additionally they said that they’re ready to speak with the hacker and can present additional updates.
We’re conscious of the latest value transfer. Already working behind the scenes. Respect your endurance. We’ll 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 Soar Crypto.
