MoriCoin (MORI) Jumps Over 300% Amid Claims of Darkweb Ties

MoriCoin (MORI), a recently launched memecoin on the Solana blockchain, has gained significant traction just a few days after its launch. The token spiked by over 300% within the past 24 hours, with its market cap surging past $150 million in less than five days.

Notably, this surge in the token’s price comes amid the token’s ties to a notorious Russian darknet marketplace. 

What is MoriCoin?

MORI is the official memecoin of a Russian onion-based drug marketplace on the dark web. The platform is run by its pseudonymous founder, “Professor Moriarty”.

The platform’s owner runs a Russian YouTube channel, Moriarty Mega, which currently has over 3.2 million subscribers. For the past two years, with more than 800 videos currently available, the channel focuses on a wide range of topics, including notorious criminal organizations, illicit drug trade, and law enforcement tactics. 

The platform also has a Russian Telegram community, dubbed the MoriForum, with more than 43,000 members. MoriForum has several sub-channels where members receive details about the token launch. According to the project’s official X account, it is making plans to create English channels for members. 

With the launch of the MORI memecoin, the platform has gained exposure to a much wider audience. It seeks to capitalize on the marketplace’s massive following across social media to boost its operations.

To incentivize investors, the project promised to offer top MORI holders several special rewards, including direct access to the “Professor” via a “whale chat.” Notably, U.S. President Trump used a similar strategy to promote his TRUMP memecoin.  

MORI Surges 300%

Remarkably, the MORI token launch was first flagged by the cybersecurity threat researcher, Vladimir S., who warned about the implications of investing in the token. 

🚨 Russian drug marketplace launches its token on @solana ! What? Yes!

How is this possible and what should you do with this information? I’ll break it down in this thread ⬇️ pic.twitter.com/RjcG7Le1AJ

— Vladimir S. | Officer’s Notes (@officer_cia) June 24, 2025

However, the token has since gone on to receive massive attention from memecoin traders. According to data from CoinGecko, the memecoin is currently trading at $0.175, up by over 289%, with a market cap of more than $155 million. 

Additionally, MORI is currently in the top 3 on the decentralized exchange (DEX) tracker, GeckoTerminal, with more than 18,000 holders. Moreover, on-chain data reveals that several new wallets are aggressively accumulating the token.

Since its launch on June 25, MORI has surged by over 600%, with several early investors making huge profits. One savvy trader turned a $290 investment in MORI into $1.6 million. According to the latest video on the platform’s YouTube channel, one investor made $60 million from MORI in just one hour.

Are Memecoins Making a Comeback?

Despite suffering a slight pullback over the past few months, the memecoin market is gradually regaining momentum. Undoubtedly bitcoin’s recovery has fueled optimism across the crypto market, with several other assets mirroring the spike.

Memecoins, which are typically fueled by hype and the potential for explosive gains, are once again becoming attractive to investors. However, while MORI has rallied exponentially over the past few days, it remains to be seen whether it will sustain the hype or fizzle out like most other memecoins. 

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