Tensor (TNSR) has emerged as the top-performing token, surging over 90% in the last 24 hours, even as the broader crypto market declined by 6.3%. The native token of the Tensor NFT marketplace on Solana has achieved a 342% weekly gain, reaching $0.198. This rise comes amid declining activity on the platform, with daily trades dropping to around 3,000 and trading volume at approximately $20,000 as of November 17.
The price surge lacks a clear catalyst, with no major announcements from the platform. On-chain data indicates strategic accumulation by a single wallet, which has acquired 16.55 million TNSR, valued at about $3.74 million, with a cost basis of $0.0823. Analysts caution that the rally may be speculative and subject to reversal.
Tensor (TNSR) Soars 342% Despite Market Downturn
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