Solana "Oil Coin" USOR Soars: Is it a Speculative Trap or a Genuine Opportunity?

【CryptoWorld】Recently, there’s a funny phenomenon: a token called “American Oil” (USOR) on Solana surged over 150% last Monday. In just one day, its market cap soared to $40 million, the trading price shot up to over $0.04, and the daily trading volume approached $20 million. Sounds crazy, right?

The core reason is simple—traders saw news about the US handling Venezuelan oil assets, and they started to imagine that this token was related to that, then began chasing the trend wildly. USOR claims to represent a “on-chain reserve index,” but the problem is, there’s no verifiable actual backing at all.

What’s truly worth warning about is that on-chain analysts and data hunters have already spotted the issues. This wave of price increase follows a very familiar pattern—the charts look suspicious, with obvious signs of coordinated promotion, and wallet concentration is alarmingly high. This kind of play is basically a copy of those political-themed “meme coins,” always following the same套路.

In plain terms, this is a typical speculative bubble. When the market is driven by emotions and news, projects without real value backing tend to be hyped up easily. Traders need to be cautious: behind a handsome rise, there’s often hidden high risk. Concentrated wallets, lack of verifiable assets, and obvious coordinated promotion—these signals together are enough to raise alarms.