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More Than 64% of $TNSR Airdrop Claimants Have Held Onto Their Tokens

Onchain data reveals strong holder sentiment, with the majority of $TNSR claimants opting not to sell

  • Edited: Feb 6, 2025 at 19:34

On January 31, the Tensor Foundation officially opened the Season 4 airdrop for $TNSR tokens, allowing eligible users to claim their allocated rewards. The response was immediate and significant. According to Flipside data, on the first day alone, over 10,000 wallets participated, claiming over 22.9 million $TNSR tokens. Now, a week later, the total number of claimed tokens has exceeded 29.8 million, distributed among approximately 15,100 wallets. This means that about 74.5% of the 40 million $TNSR tokens allocated for this phase have already been claimed.

Screenshot 2025 02 06 185507

Token Distribution Insights

Chart (18)

A closer look at the claim distribution reveals that the vast majority of participants received relatively small amounts. Specifically:

  • Over 74% of eligible wallets claimed fewer than 500 $TNSR tokens.

  • Around 11.3% claimed between 1,000 and 5,000 tokens.

  • Approximately 8.9% received between 500 and 1,000 tokens.

  • Notably, 83 wallets managed to claim more than 50,000 $TNSR tokens each.

What Happened After the Claims?

Chart (19)

Once users claimed their tokens, the next step was deciding whether to hold, transfer, or trade them. The data indicates:

  • 64.3% of claimants have held onto their tokens.

  • 35.7% have transferred them.

Chart (20)

  • Among those who transferred tokens:

    • Over 87% moved them to another wallet.

    • 8.1% swapped $TNSR directly on decentralized exchanges (DEXs).

    • 4.3% transferred their assets to centralized exchanges (CEXs).

Growth in the TNSR Holder Base

Screenshot 2025 02 06 185838

Currently, the total number of $TNSR holders stands at 24,338 wallets, reflecting an increase of approximately 2,500 new wallets since before the fourth phase. Considering this figure and the number of claimants in the fourth phase (15,100 wallets), it appears that most claimants are long-standing Tensor users who were eligible in previous airdrop phases, with only about 2,500 new wallets participating in the fourth phase.

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