Web3Port was once seen as a powerful accelerator in the Web3 ecosystem, investing in and supporting hundreds of blockchain startups. But recent allegations of token dumping and suspicious ties to shadowy crypto funds have cast a long shadow over its reputation.
What Was Web3Port Built to Do in Web3?
Web3Port positioned itself as a global Web3 startup accelerator, aiming to connect early-stage projects with resources, investors, and technical mentorship. Its two arms—Web3Port Labs and Web3Port Foundation—offered investment support through a $100 million primary fund and a $1 billion secondary liquidity fund.
Through its accelerator program, the platform promises to help projects with fundraising, listings on centralized exchanges, market-making strategies, and influencer marketing. Sectors of focus ranged from DeFi and AI to infrastructure, payments, and middleware protocols.
What Are the Market Manipulation Allegations Against Web3Port?
In early 2025. Web3Port was accused of orchestrating large-scale token dumps that tanked the price of MOVE, the token issued by Movement Labs. Similar accusations followed involving GoPlus and Myshell.
These incidents allegedly involved dumping large volumes of tokens immediately after listings—causing sharp crashes that hurt investors and raised red flags among centralized exchanges. In response, several exchanges have reportedly banned Web3Port or projects affiliated with it.
Is Web3Port Linked to Aqua 1 and World Liberty Financial?
Investigative reports suggest that Web3Port may share infrastructure and personnel with Aqua 1 Foundation, a crypto fund based in the UAE. Aqua 1 recently made headlines for purchasing $100 million in tokens from World Liberty Financial (WLFI), a controversial project with alleged political ties.
Key findings include:
Shared AWS server IP addresses between Aqua 1 and Web3Port websites.
A possible alias: “Dave Lee” of Aqua 1 may actually be David Jia Hua Li, a known Web3Port partner.
Archived social media posts linking Li to Web3Port Labs events.
Aqua 1 denies any connection to Web3Port, but its public statements have avoided addressing the server and identity questions directly, fueling continued skepticism.
What Does This Mean for Web3Port's Future in Crypto?
These allegations have dealt a serious blow to Web3Port's credibility. While its early mission to accelerate Web3 startups remains ambitious, the lack of transparency around its operations, market behavior, and affiliate connections has left investors and the community wary.
Unless Web3Port provides clear answers and regains trust, it risks being sidelined in an industry where reputation is everything.
Conclusion: Can Web3Port Survive the Scandal?
Web3Port set out to be a cornerstone of the Web3 builder economy—but now it faces mounting pressure over market manipulation claims and murky affiliations. Whether it recovers or fade affiliations out will depend on how it responds to calls for transparency, and whether regulators or exchanges take further action.
