Coinbase has acquired Vector - the golden egg-laying hen of Tensor Treasury (contributing over 50% of fees) but pays $0 for $TNSR holder
The Vector app will be shut down, users must withdraw their assets before 26/11
-> Fees from Vector are cut off, Tensor marketplace volume is low
-> Founder + early investors have cashed out -> Foundation is now just a "hollow shell of 3 people"
-> The community calls this a soft-rug
Additionally, on-chain data shows:
- Tensor Treasury self-purchased $TNSR right before the news
- Wallet related to the founder sold at the peak, slippage $120K (exit via Phantom) still made a big profit
- Top 10 holders hold 68% of the supply and are dumping heavily
-> The “compensation” team proposed (burn 21.6% + 100% of remaining fees) is not enough to support the price
-> The remaining fees are currently only enough to pay for server costs
When the deal states “acquire team & tech” without mentioning the token → the community calls this a disguised rug
Is there anyone who accidentally FOMO'd in on the wave on 20/11?
The Vector app will be shut down, users must withdraw their assets before 26/11
-> Fees from Vector are cut off, Tensor marketplace volume is low
-> Founder + early investors have cashed out -> Foundation is now just a "hollow shell of 3 people"
-> The community calls this a soft-rug
Additionally, on-chain data shows:
- Tensor Treasury self-purchased $TNSR right before the news
- Wallet related to the founder sold at the peak, slippage $120K (exit via Phantom) still made a big profit
- Top 10 holders hold 68% of the supply and are dumping heavily
-> The “compensation” team proposed (burn 21.6% + 100% of remaining fees) is not enough to support the price
-> The remaining fees are currently only enough to pay for server costs
When the deal states “acquire team & tech” without mentioning the token → the community calls this a disguised rug
Is there anyone who accidentally FOMO'd in on the wave on 20/11?
