Key Takeaways
- PORT3 token lost over 80% of its cost in exactly over an hour.
- The wreck became as soon as brought about by an unauthorized mint of 1 billion PORT3 tokens and rapid promote-offs.
PORT3, the native token of Port3 Community, a mission constructing a decentralized AI records layer that aggregates and standardizes blockchain records for AI-pushed dApps and wallets, crashed better than 80% today time, wiping its market cap from round $18.5 million to $3.5 million in exactly over an hour, in step with CoinGecko.
The steep decline got right here after experiences that an attacker had minted one billion PORT3 tokens and began offloading them across liquidity pools, overwhelming market depth and accelerating the token’s collapse.
The Port3 crew confirmed the exploit, asserting on X that they’d pulled liquidity as a precaution and urging customers no longer to replace the token in all places in the investigation. They moreover said that they’re prepared to talk with the hacker and will present extra updates.
We’re responsive to the latest label switch. Already working late the scenes. Worship your endurance. We can replace soon
— Port3 Community (@Port3Network) November 22, 2025
Port3 Community raised $3 million in a seed round led by KuCoin Ventures in early 2023. It later secured investment and partnerships from DWF Labs and Jump Crypto.
