Solana Memecoin VDOR Plummets 93% Amid Suspected Rug Pull and Oil Price Drop

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Solana Memecoin VDOR Crashes 93% in Suspected Rugpull

Key Highlights

  • VDOR fell 93% in early April 2026, dropping from $0.04 to around $0.0027 amid heavy selling and low liquidity.
  • The crash has raised rug pull concerns, with supply reportedly controlled by an anonymous team.
  • The token also reacted to falling oil prices following ceasefire developments in the Middle East.

Vanguard Digital Oil Reserve (VDOR), a cryptocurrency built on Solana and inspired by concerns about the oil crisis, has lost 93% of its value in early trading. This sharp drop has led to fears that the people who created the token may have intentionally abandoned the project with investors’ money – a practice known as a ‘rug pull’.

Shortly before its release, the token had approximately 70,000 owners and was valued at $49 million. However, as of today, its value has dropped significantly to about $2.9 million.

The token is currently worth around $0.0037. It had previously peaked at about $0.04, but then fell to $0.004 before finding a stable price. Over the past 24 hours, trading volume increased dramatically – by about 259% – reaching approximately $7.2 million.

Right now, the way the price is changing indicates that a lot of the recent movement is due to people selling.

On X (formerly Twitter), crypto personality Mr. Beefman alleged that the token’s price support was entirely managed by its unknown creators, giving them the ability to sell their holdings and deliberately lower the value whenever they wanted.

A scam occurred with the token called $VDOR (market cap of 5.91M). The token address is VDoRrZix72Er41foJAdKrwFqYNozPbktuPa4Xy1A7Au. I previously warned about this token with a red candle marking on a chart – that was a prediction of its failure. The current chart pattern is not my work. This impacts my Meteora Farm investment.

— Mr. Beefman 🥩 (@0xMrBeefman) April 8, 2026

What is Vanguard Digital Oil Reserve (VDOR)?

VDOR is a digital token created on the Solana blockchain in late 2025. It’s recently become known for promoting itself as an “on-chain energy reserve,” suggesting it provides a way to invest in the oil industry using blockchain technology.

This token isn’t supported by actual oil reserves, and its price doesn’t follow the prices of oil in traditional markets. The people creating the token are unknown, and there’s no proof of partnerships with established companies, security checks, or a system to connect its value to real oil prices.

Previous price action

Before its price dropped, VDOR experienced a surge in value as people bought it based on rumors. Some mistakenly believed it was linked to Vanguard Group, but the token has no connection to the company.

The token’s price jumped significantly in one week, increasing by over 130% from $0.0067 on March 24th to $0.0169 by March 31st. This growth expanded its market capitalization from $7 million to $17 million, and daily trading activity rose sharply from $276,000 to $2.6 million.

As a crypto investor, I’ve been watching this token closely. Last week, things really took off – the number of people holding the token jumped from around 6,570 to almost 29,000, likely due to the tensions in the Strait of Hormuz. Unfortunately, that surge didn’t last, and the number of holders has since fallen back down to around 11,234. It’s a bit of a rollercoaster, but I’m still keeping an eye on it.

Triggers and market reaction

The decrease seems to have happened at the same time as peace talks between the United States and Iran led to a ceasefire in the Middle East, causing oil prices worldwide to fall.

Oil prices fell sharply today, with West Texas Intermediate (WTI) crude oil dropping 17.26% to $93.45 per barrel, a decrease of $19.50. Brent crude oil also declined, falling 15.30% to $92.55, or $16.72. Natural gas prices decreased as well, dropping 4.70% to $2.73.

With tensions decreasing, limited shipping has restarted in the Strait of Hormuz. This eased worries about supply disruptions and led to a decrease in oil prices.

VDOR, a token whose value is tied to oil prices, was affected by the overall market downturn. The steep drop in price likely triggered significant selling, and the general market conditions may be obscuring the specific reasons behind the token’s performance.

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2026-04-08 20:05