Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Port3 Network token crashes over 80% on reports of possible exploit

Port3 Network token crashes over 80% on reports of possible exploit

CryptoNewsNetCryptoNewsNet2025/11/23 04:18
By:cryptobriefing.com

Key Takeaways

  • PORT3 token lost over 80% of its value in just over an hour.
  • The crash was triggered by an unauthorized mint of one billion PORT3 tokens and rapid sell-offs.

PORT3, the native token of Port3 Network, a project building a decentralized AI data layer that aggregates and standardizes blockchain data for AI-driven dApps and wallets, crashed more than 80% today, wiping its market cap from around $18.5 million to $3.5 million in just over an hour, according to CoinGecko.

The steep decline came after reports 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 team confirmed the exploit, announcing on X that they had pulled liquidity as a precaution and urging users not to trade the token during the investigation. They also stated that they’re prepared to communicate with the hacker and will provide further updates.

We’re aware of the recent price move. 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 seed round led by KuCoin Ventures in early 2023. It later secured investment and partnerships from DWF Labs and Jump Crypto.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trump’s Prioritization of Security in Immigration Policy Fuels Political and Humanitarian Divides

- Trump administration halted Afghan immigration and ordered re-screening of 200,000 Biden-era refugees after a suspect in a National Guard shooting entered via Operation Allies Welcome. - USCIS criticized Biden's refugee program for prioritizing speed over security, sparking debates over vetting standards and humanitarian values. - 68% of U.S. Latinos report worsened conditions under Trump, with 80% disapproving of immigration policies that exacerbate deportation fears and economic strain. - Executive ord

Bitget-RWA2025/11/27 20:24
Trump’s Prioritization of Security in Immigration Policy Fuels Political and Humanitarian Divides

Solana News Update: DeFi Capital Shifts Focus to Performance-Oriented Projects Amid Intensifying Bearish Trends for Solana

- Solana (SOL) faces bearish pressure below $130, with key EMAs sloping downward and RSI at 32 indicating oversold conditions. - Despite $11M weekly ETF inflows, futures Open Interest dropped 60% to $6.95B, highlighting fragmented investor sentiment amid broader sell-offs. - Mutuum Finance (MUTM) gains traction with $19M raised in presale, offering a dual-layer DeFi ecosystem and 250% price appreciation since launch. - Institutional capital shifts toward execution-driven projects like MUTM, contrasting Sol

Bitget-RWA2025/11/27 20:24
Solana News Update: DeFi Capital Shifts Focus to Performance-Oriented Projects Amid Intensifying Bearish Trends for Solana