Tensor's New TNSR Token Sees $640M Volume in First Day, But Falls 33% After Launch Peak

• Tensor's new TNSR token launched today with over $640 million in trading volume in the first 7 hours

• The token airdropped over $200 million worth of tokens as rewards, with one user getting over $1 million worth

• TNSR is currently priced around $1.60 per token, down 33% from a high of $2.45 earlier today

• 55% of the total 1 billion TNSR token supply is allocated to the Tensor community through rewards and airdrops

• It's unclear if the token drop will help Tensor stand out long-term against rivals like cross-chain NFT marketplace Magic Eden