US Oil (USOR): New 'geopolitical meme' on Solana runs on Venezuelan oil

On Monday, the cryptocurrency market witnessed the meteoric rise of a controversial new player: US Oil (USOR). In just 24 hours, this little-known token based on the Solana network rallied more than 150%, briefly pushing its market capitalisation over the $40 million mark. The price flare-up was fuelled by a narrative that intertwines financial speculation and global geopolitical tensions.

The Spark: Venezuelan Oil Becomes a Meme

The sudden interest in USOR coincided with the spread of news about Washington's sale of seized Venezuelan oil blocks. Against such a tense macroeconomic backdrop, traders were quick to associate a political narrative with the USOR token, despite the fact that there is no verified link between the project and US government oil reserves.

President Trump stated that the US had taken about 50 million barrels of oil from Venezuela and sold some of it on the open market, according to reported by Al Jazeera on X.

At the height of the rally, USOR traded above the $0.04 mark, with daily trading volumes approaching $20 million. However, the price structure, characterised by a near-vertical pattern, prompted several on-chain analysts to issue warnings, calling the movement 'abnormal' and typical of coordinated speculative manoeuvres.

Ambitious promises and lack of transparency

The project's official website presents USOR as an 'on-chain reserve index' that aims to tokenize US oil reserves. The team describes the token as guaranteed by crude oil (oil-backed), aligned to US interests, and governed by principles of public transparency.

Despite these high-sounding declarations, the technical reality appears different. To date, the site provides no verifiable proof of custody, no defined legal structure or official links to the US energy infrastructure. Further adding to the doubts is the nature of the listing: USOR is focused on decentralised exchanges in the Solana network, such as Meteora, the same platform that hosted the launch of the TRUMP meme coin. Precisely on these analytics platforms, 'suspicious chart' warnings appeared due to the sudden spike in volume not supported by organic accumulation.

The debate on social: Wallet suspects and risks of "Rug Pull"

While the token was climbing the CoinGecko charts, the Crypto Twitter community was split. On the one hand, bold traders promoted USOR as an on-chain exposure to Venezuelan oil reserves; on the other, independent analysts denounced an engineered marketing strategy aimed at exploiting real-world news.

U.S. Oil - $USOR appears to be an organised (bundled scam). The developer of this project has bundled most of the supply into the top 100 wallets, which are under its control. GMGN reports dozens of 'sniper wallets' in this project. The Bubblemap also looks atrocious. If you care about your funds, you will avoid this scam, has stated Crypto Rug Muncher on X.

The on-chain data seems to confirm the fears of the most sceptical. Visualisations via 'bubble maps' revealed a strong concentration of supply in a small group of interlinked wallets. This structure suggests centralised control that could prelude a "rug pull", leaving last-minute buyers without exit liquidity. Many drew parallels with previous politically-themed meme coins, which exploded on the wave of headlines only to collapse vertically once the hype ran out.

Conclusions: The risk of financialising the narrative

The USOR case is yet another demonstration of how macroeconomic and political news can instantly spill over into the crypto market, turning into highly volatile financial instruments. As the United States navigates a complex strategic reset with the Venezuela, a part of the crypto market seems eager to 'tokenize' this narrative, often without any concrete basis.

It remains to be seen whether USOR will succeed in consolidating itself as a lasting asset or whether it will prove to be an ephemeral meme destined to fade away. What is certain is that, as the rush to buy continues, the warnings from experts are growing louder: in the world of cryptocurrency, when a story seems too perfect to be true, it often is not.