Thursday, February 26, 2026
Edition: Global
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US Oil Reserve Crypto

TICKER: $USOR
RISK LEVEL: CRITICAL

Incident Timeline & Fraud Description

  • Early January 2026 — USOR token launched on Solana and marketed using narratives around U.S. strategic oil reserves and geopolitical tensions.
  • Mid-January 2026 — Token experiences rapid speculative price surge driven by social media hype and misleading assumptions of state-backed reserves.
  • Shortly after peak — Price collapses by approximately 98%, wiping out the majority of retail liquidity.
  • Post-collapse analysis — No evidence of real-world oil backing, no audits, no legal disclosures, and a high concentration of token supply observed in a small number of wallets.
  • Community reaction — Analysts and investors raise concerns about misleading branding, centralized control, and exit-liquidity behavior consistent with pump & dump or rug pull schemes.

Sources & Evidence

Asset Intelligence

Network
Solana
Identified On
2026-01-23
Current Status
Active Scam