Why Is Tensor (TNSR) Up 90%? Smart Wallets Signal Clues

Tensor (TNSR) has emerged as the top gainer in crypto today, with its price surging more than 90% in the past 24 hours.

This pump comes even as the broader market has shed 6.3% of its value, raising questions about the catalysts behind this isolated rally.

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Why Is Tensor (TNSR) Token’s Price Rising?

For context, Tensor is one of the leading non-fungible token (NFT) marketplaces within the Solana ecosystem. Its native token, TNSR, serves as the platform’s governance asset and also provides trading perks, such as discounts.

The altcoin launched in April 2024 and has shown mixed performance since then. This year, TNSR has mostly trended downward, even hitting an all-time low on October 10, coinciding with the tariff-induced market crash. However, the trend shifted this week as TNSR suddenly pumped.

Yesterday, the altcoin surged 362%, jumping from $0.078 to $0.36 , a level last seen in March 2025. The rally continued today, with TNSR rising more than 90% in the past 24 hours to trade at $0.198. Overall, its weekly gains now stand at 342%.

According to CoinGecko data, daily trading volume jumped 270.70%, reaching $1.6 billion. Besides topping the daily gainers chart, TNSR is also along the top trending cryptocurrencies today.

This rally has left many investors puzzled, especially given the bleak state of the Tensor NFT market. Recent figures from Dune Analytics reveal a dramatic decline across several metrics.

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Trading activity on the platform has fallen sharply over the past year, with only around 3,000 transactions and roughly $20,000 in daily volume as of November 17.

At the same time, both platform fees and the number of active traders have continued to decline. The broader Solana NFT ecosystem mirrors this weakness, with volumes steadily dropping across the board.

Moreover, the platform itself has not issued any major announcements recently that could explain the sudden price spike. So, what caused it?

On-chain data points to strategic accumulation before the rally. An analyst highlighted a newly created wallet that steadily bought TNSR for the duration of the surge.

The wallet (EPbVrN79xfzCPnU7LxJEdXmMJgvEWqvo5uZh9VAeMPA4) used a dollar-cost averaging approach, increasing purchases even as the price rose. Accumulation became more aggressive at $0.08, just before TNSR moved toward $0.30.

This wallet now holds: 16.55 million TNSR (~$3.74 million). Avg entry: $0.0823. Current gain: +167%. Smart money clearly positioned early and kept buying all the way up,” the analyst added.

Still, the lack of new developments, partnerships, or ecosystem updates has heightened correction fears. Typically, such surges are seen as speculative and prone to reversal.