Key takeaways
- The PORT3 token lost more than 80% of its value in just over an hour.
- The crash was triggered by the unauthorized creation of a billion PORT3 tokens and rapid sales.
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PORT3, the native token of Port3 Network, a project creating a decentralized AI data layer that aggregates and standardizes blockchain data for AI-driven applications. dApps and wallets, collapsed by more than 80% today, wiping out its market cap from about $18.5 million to $3.5 million in just over an hour, according to CoinGecko.
The sharp drop came after reports that an attacker mined a billion PORT3 tokens and started offloading them via liquidity. swimming pools, overwhelming market depth and acceleration of the collapse of the token.
The Port3 team confirmed the exploit, announcing on precaution and exhortation users not to exchange the token during the investigation. They also stated that they were ready to communicate with the hacker and would provide further updates.
We are aware of recent price developments. I’m already working behind the scenes. Appreciate your patience. We will update soon
– Port3 Network (@Port3Network) November 22, 2025
Port3 Network raised $3 million in a funding round led by KuCoin Ventures in early 2023. It later secured investments and partnerships from DWF Labs and Jump Crypto.
