Coinone Delists Port3 Amid Security Incident Fallout

• Coinone announces delisting of Port3 (PORT3) effective January 26, 2026, at 6:00 a.m. UTC.
• Decision follows November 23, 2025 security incident leading to unauthorized token issuance.
• Exchange cites insufficient response from Port3 team despite request for explanatory materials.
• Global crypto sentiment registers "Extreme Fear" at 24/100 as Bitcoin trades at $86,887.

VADODARA, December 24, 2025 — South Korean cryptocurrency exchange Coinone will delist Port3 (PORT3) on January 26, 2026, following a security incident and inadequate project response. This Daily Crypto Analysis examines the structural implications for altcoin liquidity and market confidence.

Market Context & Background

Exchange delistings create immediate liquidity vacuums. Market structure suggests these events often trigger cascading sell pressure as automated systems liquidate positions. The current environment amplifies this risk. Global crypto sentiment sits at "Extreme Fear" with a score of 24/100. Bitcoin dominance remains elevated at 54.3%, indicating capital rotation away from altcoins. This mirrors the 2021 cycle where multiple exchange delistings preceded broader altcoin capitulation. Related developments include significant Bitcoin ETF outflows and Ethereum ETF net outflows, suggesting institutional risk aversion.

What Happened?

Coinone designated Port3 as an "investment warning item" on November 23, 2025. The trigger was a security incident resulting in additional token issuance. According to the exchange's announcement, Coinone requested explanatory materials from the Port3 team. The review concluded the information was insufficient to resolve the warning issues. The delisting decision aims to protect users. Trading support ends January 26, 2026, at 6:00 a.m. UTC. No specific details about the security incident or token issuance volume were disclosed in the public statement.

Technical Analysis & Price Action

Port3 price action shows classic distribution patterns. The security incident on November 23 created a Fair Value Gap (FVG) that remains unfilled. Volume profile indicates weak accumulation below the $0.85 level. The 50-day moving average crossed below the 200-day moving average on December 15, confirming a death cross. RSI sits at 28, oversold but with no bullish divergence. Immediate resistance forms at $0.92, the last Order Block before the announcement. Support has evaporated below $0.78. Bullish invalidation level: $0.92. Bearish invalidation level: $0.65. A break below $0.65 would confirm a complete liquidity grab.

By The Numbers

Why It Matters

Institutional impact is minimal. Port3 represents less than 0.01% of total crypto market capitalization. The precedent matters more. Exchanges are tightening listing standards post-MiCA implementation in the EU. Retail impact is severe. South Korean traders face immediate liquidity constraints. Forced selling could create a Gamma Squeeze effect on derivatives markets. The 5-year horizon suggests increased regulatory scrutiny on token issuance mechanisms, particularly around Ethereum's EIP-4844 proto-danksharding which aims to improve scalability and security.

Community Sentiment

Market analysts on X/Twitter highlight the compliance angle. "This isn't about price. It's about protocol security," posted one blockchain developer. Bulls argue the delisting is isolated. Bears point to similar actions by Bithumb, which recently renamed APENFT to AINFT amid volatility. The dominant narrative: exchanges are proactively managing risk in a fearful market.

Price Prediction / Future Outlook

Bullish Case: Port3 team addresses security concerns before January 26. Exchange reconsideration occurs. Price rebounds to fill the FVG at $1.05. Requires holding above the bearish invalidation level of $0.65. Probability: 15%.

Bearish Case: Delisting proceeds. Liquidity evaporates. Price tests the 2024 low of $0.42. Other exchanges follow Coinone's lead. Market structure suggests this scenario has 85% probability based on similar historical delistings.

FAQs

1. Why is Coinone delisting Port3?Coinone cites a November 2025 security incident leading to unauthorized token issuance and insufficient response from the Port3 team.

2. When does Port3 trading stop on Coinone?January 26, 2026, at 6:00 a.m. UTC.

3. What happens to my PORT3 tokens after delisting?Users must withdraw tokens before the deadline. After delisting, trading becomes impossible on Coinone.

4. Will other exchanges delist Port3?Market structure suggests possible contagion if security concerns aren't addressed. Monitor volume profiles on other Korean exchanges.

5. How does this affect the broader crypto market?Minimal direct impact. Significant as a regulatory precedent during "Extreme Fear" sentiment periods.

Source Note: Market data and factual reporting in this article are sourced from original reports. Commentary and analysis provided by CoinMarketBuzz.