Important points
- The PORT3 token lost more than 80% of its value in just over an hour.
- This crash was caused by the fraudulent minting and rapid sale of 1 billion PORT3 tokens.
PORT3, native token of Port3 Network. A project to build a decentralized AI data layer that aggregates and standardizes blockchain data for AI-driven purposes. dApps According to CoinGecko, it crashed more than 80% today, erasing its market cap from about $18.5 million to $3.5 million in just over an hour.
This plunge occurred following reports that an attacker had minted 1 billion PORT3 tokens and started offloading them across liquidity. pool, overwhelming The market thickens and the token collapse accelerates.
The Port3 team confirmed the exploit and announced that they have extracted liquidity on X. Precautions and prompts Users should not trade tokens during the investigation. They also said they are ready to communicate with the hackers and will provide further updates.
We are aware of recent price movements. Already working behind the scenes. Thank you for your understanding. Will update soon
— Port3 Network (@Port3Network) November 22, 2025
Port3 Network raised $3 million in a seed round led by KuCoin Ventures in early 2023. We then secured investment and partnerships from DWF Labs and Jump Crypto.
