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Solana’s little-known token called US Oil (USOR) surged more than 150% in 24 hours on Monday, temporarily pushing its market value above $40 million, as traders snapped up new titles in the US selling Venezuelan oil blocks.
The token has been trending on CoinGecko, even as analysts and traders on the chain warn that the rally was showing classic signs of increased speculation.
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Geopolitics turns into a tradeable meme
This increase coincides with Growing geopolitical interest in oil. According to reports, Washington today began selling confiscated Venezuelan oil assets.
This general backdrop appears to have extended to the cryptocurrency markets, where traders quickly linked a political narrative to USOR, despite no confirmed connection to any government oil reserves.
At the peak of the rally, USOR traded above $0.04, with daily trading volume approaching $20 million.
The move took place in a near-vertical price pattern, a structure that many traders call abnormal.
USOR markets are focused on the Solana ecosystem, mainly via decentralized locations like Meteora. The listing platforms showed warnings of “suspicious charts” as the trading volume increased sharply with the price.
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The project’s website states that USOR represents an “on-chain reserve index” symbolizing US oil reserves, and describes itself as backed by oil, approved by the US and subject to public transparency.
However, the site does not provide substantiated evidence of reservation, legal structure, or connection to any official US oil reserve infrastructure.
In addition, there is speculation that this code may be an internal movement, since it was launched on the same platform Trump coin meme – Meteor.
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Viral charts, weak evidence, and rising red flags
Meanwhile, crypto Twitter was filled with deeply divided reactions.
Many cryptocurrency traders claimed that the narrative was designed to exploit real-world news, citing coordinated promotion, pooled portfolios and lack of organic accumulation.
Others have warned that the mark of the symbol largely reflects the developments Geopolitical to implement hidden.
A broad post described USOR as a “large-scale exposure to oil reserves from Venezuela”, a claim that has not been confirmed by US authorities or energy agencies.
Many analysts responded that the timing, mark and structure of the chart resembled previous political themed meme coins that made headlines before collapsing.
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Data on the chain shared by independent trackers showed a concentration of supply among a small group of wallets.
Bubble map images scattered throughout
Overall, the USOR is another example of how quickly a leak can happen Macroeconomic and political news Speculation in digital currencies.
As the United States goes through a complex recalibration of its oil strategy in Venezuela, parts of the cryptocurrency market seem eager to finance the narrative – often without evidence.
It’s not clear if USOR is just a short-lived meme or something more permanent. What is clear is that traders are back in the race to trade history, even as warnings grow that history itself cannot hold.
