A certain exchange's acquisition of VECTOR sparks controversy: project team cashes out while retail investors are left holding the bag, tokenomics questioned again

[Chain News] The acquisition of VECTOR by a leading compliant exchange has been thoroughly dissected by insiders, revealing plenty of underlying details.

The most surreal part is the timeline: $TNSR soared 8x against the market trend during the two days when the market was plummeting. As soon as the official announcement was made, it instantly got slashed in half, dropping 40%. This move had many people calling it a “textbook example of classic dumping.”

What’s even more interesting is that the real driving force behind VECTOR, the Tensor Foundation, wasn’t even included in this acquisition—nor were the tokens they hold. Although the official channels are still playing dead and staying silent, it’s basically certain that the project team has already cashed out a staggering amount, while $TNSR retail investors? It’s the same old story: left holding the bag.

This case has torn open the issue of the misalignment between equity and token value for all to see. The project team cashes out by selling equity and walks away, while token holders can only watch as the value of their holdings plummets. The founder of Moonrock Capital summed it up with one line: tokens should be equivalent to on-chain equity.

To be honest, this call hits right at the pain point of the whole industry.