As reported by Bijiawang, Tensor (TNSR) has become the top-performing token in the crypto market, surging over 90% in the past 24 hours despite a broader market decline of 6.3%. The sudden rise has sparked questions about the underlying catalyst. TNSR, the native token of the Tensor NFT marketplace on Solana, has seen a 342% weekly gain, reaching $0.198. However, the platform's NFT market has shown declining activity, with daily trades dropping to around 3,000 and trading volume at approximately $20,000 as of November 17. No major announcements have been made to explain the price surge. On-chain data suggests strategic accumulation by a single wallet, which has amassed 16.55 million TNSR, worth around $3.74 million, with a cost basis of $0.0823. Analysts warn that the rally may be speculative and prone to reversal.
Tensor (TNSR) Surges 342% Amid Bear Market Amid Speculation
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