MoriCoin, the official memecoin of a Russian darknet drug market, launched at the moment on Solana.
The unconventional token launch was picked up by cybersecurity risk researcher Vladimir S., who goes by the deal with @officer_cia on X.
He stated, “The onion-based drug market… appears to be operational based on numerous reviews.”
Learn extra: Darkweb medicine website Incognito Market threatens to out customers who paid in crypto
{The marketplace}’s proprietor and namesake, the pseudonymous Professor Moriarty, additionally runs a Russian-language YouTube channel with over 3.2 million followers.
The channel’s movies concentrate on matters together with felony organizations and regulation enforcement techniques, in addition to the illicit drug commerce, with titles corresponding to “WHAT RUSSIA GETS HIGH ON: 1980-2023.”
Conventional advertising methods are unsurprisingly restricted for illicit drug markets. The mission’s X account means that the token is a advertising play to capitalize on the model’s YouTube following and “expand… all over X platform.”
MoriForum, a Telegram neighborhood of over 35,000 members, contains channels teasing the token’s launch, even together with detailed directions for absolute rookies (a pockets “is like a banking app, but for crypto”).
Apparently taking a leaf out of Donald Trump’s playbook, high MoriCoin holders are promised “special rewards” and direct entry to the “Professor” by way of a “whale chat.”
Dialogue threads crammed with cautious hypothesis over the legitimacy of a lot of recently-launched copycat cash earlier than the official token handle was introduced.
Within the minutes following the launch, $MORI’s market cap peaked at roughly $50 million, earlier than dropping by round half.
Learn extra: UK road gang launders drug funds with memecoin, report
On the time of writing, some 7,000 holders are battling it out to commerce round $600,000 of liquidity on Solana’s Jupiter alternate.
Regardless of the latest passing of the GENIUS stablecoin invoice and US Military parades sponsored by Coinbase, crypto’s wild west part is clearly removed from over.
Acquired a tip? Ship us an e-mail securely by way of Protos Leaks. For extra knowledgeable information, observe us on X, Bluesky, and Google Information, or subscribe to our YouTube channel.