Morpheus Token Trades at $73, Market Cap Hits $53M, FDV at $3.4B

The Morpheus token (MOR), which became transferable recently, is now actively traded on the open market without a set price by Morpheus itself. The token was introduced as part of the MOR20 Fair Launch Platform, aimed at bootstrapping decentralized AI. Current market dynamics show a trading price of approximately $73 for MOR, with a market cap of approximately $53 million, and a fully diluted valuation (FDV) over 16 years of $3.4 billion. The current liquidity setup includes 450ETH paired with 13670 MOR at a starting price of $100, alongside significant single-sided bid liquidity of 419ETH ranging from $0 to $75 and ask liquidity of 36320 MOR ranging from $104 to $9999. The market capitalization is around $100 million with a daily emission rate of 14,170 tokens. The total supply cap is 42 million, indicating a potential fully diluted valuation of around $3 billion.