The crypto community is raising questions about the Tensor (TSNR) Token rally ahead of news of Coinbase acquiring the Vector.fun platform.
Tensor (TNSR) Token Price Surges 7x Ahead of Coinbase Acquisition Vector Announcement
Coinbase Acquires Vector.fun from Tensor
On the evening of November 21, 2025, the leading US cryptocurrency exchange Coinbase announced that it had decided to acquire Vector.fun - a decentralized trading solution developed by Tensor , a project that started as an Non-Fungible Token trading platform on Solana.
We're doubling down on @ Solana .
— Coinbase 🛡️ (@coinbase) November 21, 2025
Coinbase is acquiring @VECTORDOTFUN , an onchain trading platform built on Solana, whose tech will plug directly into Coinbase to help better serve one of crypto's most active ecosystems. pic.twitter.com/0ntHFXJeLO
Notably, this is Coinbase's ninth acquisition this year, following Token management solution Liquidfi, Derivative Deribit , Token Sale platform Echo , and others like Iron Fish , Opyn, Roam, and Sensible. However, the exchange did not disclose the amount spent to acquire Vector.fun.
Vector.fun is a trading platform launched by Tensor in 2024, with a similar operating model to pump.fun , allowing users to buy and sell memecoin and copy trade others.
Coinbase hopes that acquiring Vector.fun will help the exchange increase its connection to the Solana ecosystem, as the exchange's current DEX solution only serves the "homemade" layer-2, Base . In addition, the two founders of Tensor, Wu and Ilja Moisejevs, and 11 other Vector.fun employees will join Coinbase.
Coinbase representative Chia :
“The Vector team has extensive experience on Solana, as well as the ability to identify new assets as they are created on-chain or launched on other launchpads. The project's technology will be integrated directly into Coinbase's DEX to improve speed, liquidation , and accessibility to every corner of the Solana ecosystem.”
This is also part of Coinbase's plan to create an “all-asset exchange,” offering the ability to trade all assets 24/7 via blockchain.
Coinbase was also recently reported to be building a prediction market solution with Kalshi, as well as soon allowing users to trade Tokenize stocks.
Coinbase is working on Prediction Market pic.twitter.com/0T3HwdXmDy
— Jane Manchun Wong (@wongmjane) November 18, 2025
Insider trading allegations
However, the most notable point of the acquisition deal between Coinbase and Vector.fun is that the price of Tensor's TNSR Token has grown many times since before the announcement, leading to speculation of insider trading.
There was heavy insider activity inside $TNSR 🚨
— StarPlatinum (@StarPlatinum_) November 21, 2025
Here's what's happening:
The biggest red flag is the coordinated pump right before the Coinbase acquisition of Vector.
Price went from $0.08 to $0.30 in less than 48 hours.
(That's a +342% btw)
And one of them is directly… pic.twitter.com/K3IlPgInZ2
Based on market data, the TNSR Token started to rise from the afternoon of November 20, at a price of $0.04, before peaking at over $0.28 in the evening of the same day. The news of Coinbase acquiring Vector was only confirmed a day later.
Following the announcement, the TNSR Token price quickly declined and is currently trading around $0.13.
Part of the reason for the TNSR price drop is that Coinbase's acquisition plan is limited to Vector.fun and does not touch the rest of the products. The Tensor Foundation said it will acquire the Tensor Non-Fungible Token platform and the Tensorians collection from Tensor Labs, while maintaining its independence from Coinbase.
Tensor Foundation also pledged to increase the amount of fees transferred to the treasury from 50% to 100%, burn all the un-unlocked Token of the founders and Labs, ... But all of this is said to be meaningless when Tensor chose to sell its most potential product, keeping only the Non-Fungible Token part - an asset class that has fallen into oblivion for many years - and hand it back to the community, while the management and operations team moved to Coinbase.
Some community criticism has argued that Tensor essentially favored equity investors over Token investors through the Vector sale to Coinbase, which would undoubtedly benefit insiders more than the broader community.
looks like Token holders are getting screwed on this one...
— Josh (@joshcrnls) November 21, 2025
- $TNSR launched Apr 2024
- team pivots and launches Vector Nov 2024
- defiant article from Jan 2025 says "Vector will now be stewarded and contributed to by the Tensor Foundation, and will contribute 50% of its revenue… https://t.co/jHh7zvh3VU
Coin68 synthesis
