Tensor (TNSR) Price Explodes 342% in Bearish Market—Here’s What Might Be Behind It

Tensor (TNSR), a leading Solana NFT marketplace token, experienced a massive price explosion, gaining 342% over the week, even as the broader crypto market declined. The token jumped from $0.078 to $0.36 yesterday before settling around $0.198 today, with daily trading volume increasing by 270.70% to $1.6 billion. This rally is puzzling because the Tensor NFT market has shown significant weakness, with trading activity and daily volume sharply declining over the past year. The primary catalyst appears to be strategic on-chain accumulation by a newly created wallet that consistently bought TNSR using a dollar-cost averaging approach, increasing purchases aggressively just before the price moved toward $0.30. Despite this significant pump, the lack of official platform announcements or positive ecosystem news heightens fears of a speculative correction.

(Source：BeInCrypto)