Moonrock Capital founder alleges insider trading allegations surrounding Coinbase's acquisition of Vector.fun; TNSR stock price surges 8-fold in two days before plummeting 40%.

Simon Dedic, founder of Moonrock Capital, posted on X that the Coinbase acquisition of Vector.fun showed signs of insider manipulation. He noted that TNSR surged approximately eightfold in two days while the overall market was weak, only to fall back about 40% on the day the news was announced, with no apparent attempts to conceal the activity by the relevant accounts. He believes that Vector.fun's developer, Tensor, and its token appear to remain independent of the acquisition, and infers that Tensor will cash out a large, undisclosed sum, while TNSR holders will "get nothing," further highlighting the misalignment between equity and tokens.