- A Russian darknet drug marketplace launched MoriCoin, its official memecoin, on the Solana Blockchain.
- The marketplace maintains an active presence with a YouTube channel exceeding 3.2 million subscribers and a Telegram forum of over 35,000 members.
- MoriCoin peaked at a market capitalization of $50 million, dropping to half that value soon after its launch.
- The token is marketed to followers across social platforms, offering special benefits to large holders.
- Approximately 7,000 holders traded around $600,000 in liquidity on Solana’s Jupiter exchange within minutes after launch.
On June 24, 2025, a Russian darknet drug market introduced its own token, MoriCoin, on the Solana blockchain. The token launch aims to expand the marketplace’s brand presence online, targeting its audience across various platforms.
A Cybersecurity researcher, Vladimir S. (also known as @officer_cia), confirmed the launch on X (formerly Twitter), stating that the drug platform remains operational and is garnering attention through numerous user reviews. He wrote, “The onion-based drug market… appears to be operational based on numerous reviews.” The launch quickly attracted interest in the crypto community, sparking discussion and speculation.
The founder of the marketplace, who goes by the pseudonym Professor Moriarty, also manages a Russian-language YouTube channel with more than 3.2 million followers. The channel’s content discusses criminal networks, law enforcement strategies, and trends in the illicit drug trade. Marketing for MoriCoin relied heavily on this audience, with Telegram community MoriForum—which has over 35,000 members—featuring instructions and updates about the token.
Shortly after launch, MoriCoin reached a market capitalization of about $50 million before quickly dropping by half. Traders on Solana’s decentralized exchange, Jupiter, exchanged nearly $600,000 in liquidity. The project’s social media campaign used perks like “special rewards” and access to an exclusive “whale chat” for holders with large amounts of the token.
In the hours following launch, users expressed caution on Telegram about various copycat tokens before the official project address was made public. Official updates and trading information were shared on both X and dedicated community channels, providing beginners with instructions on using digital wallets and participating in the token market.
Despite recent efforts by lawmakers to increase cryptocurrency oversight—including the passing of the U.S. GENIUS stablecoin bill—illicit projects continue to appear, utilizing both crypto platforms and social media networks for broader outreach.
For further details or user reviews, readers can visit the Moriarty YouTube channel, view the Jupiter exchange page, or read updates from the project’s official X account.
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