Tensor, Solana's leading NFT platform, has distributed TNSR tokens valued at $250 million, constituting 12.5% of the total supply, to initial users. The project is currently trading at a total diluted valuation of $19.

On April 8th, TNDR became active, initially trading at just over $1, and quickly rising to $2.23. Since then, the token has experienced a decline as recipients of the airdrop sell their tokens, with the current price at $1.84.

According to FlipsideCrypto, Tensor holds the top position as the NFT trading platform on Solana, with a total volume of 3.9 million SOL, equivalent to over $2 billion. It maintains a significant lead over the next platform, Magic Eden, with a margin of over 1.3 million SOL. Total trading on Tensor has surpassed $6.7 million, with approximately 6.5% considered as wash trades.

It's worth noting that an associated NFT collection named Tensorians, consisting of 10,000 NFTs, has experienced a 50% decrease in value, trading at a low price of 18 SOL, approximately $3,200.

Some disappointed Tensorian holders expressed dissatisfaction with the dilution of prominent backers in the ecosystem.

According to Mondoggg, a pseudonym and Co-founder of Resonance Lab, an NFT platform, while acknowledging Tensor's team efforts, there was confusion regarding the allocation of 420 tokens to individuals with a single TX and only 1,100 tokens to a staked Tensorian.

The current airdrop represents 12.5% of the total token supply, amounting to 1 billion TNSR. The team has allocated 55% for the community, 27% for key contributors, 9% for investors, and 9% as reserves for future funding and development.

The remaining 42.5% allocated to the community will be utilized for incentive programs, liquidity provisions, and grants aimed at benefiting the Tensor community.