Solana USOR Token Rallies 150% After U.S. Venezuela Oil Asset Coverage

Beincrypto reports that USOR, a Solana-based "US Oil" token, surged more than 150% in 24 hours on January 20 as traders reacted to U.S. moves involving Venezuelan oil assets.

The token briefly pushed its market capitalization above $40 million and traded above $0.04 at the height of the rally, with daily trading volume approaching $20 million. The project’s website claims to tokenize U.S. oil reserves and describes itself as oil-backed and U.S.-aligned, but it provides no verifiable evidence of custody, legal structure, or linkage to official U.S. oil infrastructure. On-chain analysts and traders flagged near-vertical price action, thin liquidity, wallet concentration, and suspicious chart warnings; USOR markets are concentrated on Solana, primarily via decentralized venues such as Meteora.

On-chain data and bubble-map visuals suggested many top holders were linked, prompting concerns about centralized control and exit-liquidity risks, and some observers said the timing, branding and chart structure resembled prior politically themed meme-coin pumps. Whether USOR will prove short-lived or more durable remains unclear, and the report advised readers to verify facts independently.

Key Topics

Crypto, Usor, Solana, Meteora, Venezuelan Oil, On-chain Analysis