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.