TNSR Jumps 80% Despite Crypto Slump, Sparking Concerns Over Centralization
- TNSR surged 80% in 24 hours amid broader crypto market declines, driven by Tensor Foundation's acquisition of its NFT marketplace and token supply adjustments. - The deal included burning 21.6% unvested tokens, relocking founders' tokens, and centralizing 100% marketplace fees to boost treasury and governance alignment. - Analysts highlight mixed reactions: while structural changes boosted investor confidence, low NFT trading volume and governance centralization raise sustainability concerns. - TNSR's 40
Tensor (TNSR) has experienced a remarkable rise of more than 80% over the past day, currently trading at $0.1838, making it one of the most notable movers in the cryptocurrency space. This token, which powers the
The main driver behind TNSR’s surge was the Tensor Foundation’s official purchase of both the Tensor Marketplace and the Tensorians NFT collection from Tensor Labs
The market response has been varied. Although the token’s value
The acquisition has also led to more centralized governance,
Despite the positive sentiment,
The Tensor Foundation’s recent acquisition highlights a growing pattern of governance centralization in DeFi, where burning tokens and controlling the treasury are used to help stabilize token prices
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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