Crypto Market Movers: TNSR, STRK, DUSK, ZEC Surge in Last 6 Hours
TNSR +115.72%
TNSR token, launched by the Tensor Foundation for the Solana NFT marketplace, experienced a sharp 33.73% drop in 24 hours amid a broader market correction. The token was initially airdropped with 14.8% of its total supply distributed early April 2024, and despite a promising start, it has suffered a staggering 7284.63% annual decline.
#TNSR aims to power the Solana NFT ecosystem by incentivizing users through airdrop rewards exceeding $200 million in tokens, with over $640 million worth of tokens allocated overall. The project is positioned to enhance liquidity and user engagement within Solana’s NFT marketplace but currently faces volatility and investor concerns due to its steep price correction.
Given the recent sharp decline and high volatility, TNSR’s price is likely to face continued downward pressure unless there is renewed demand or significant protocol upgrades. Short-term outlook remains bearish until clearer signs of market stabilization emerge.
STRK +9.35%
STRK, the native token of Starknet, surged 35% recently as investors linked its rise to the legacy and privacy features associated with Zcash (ZEC). This connection has boosted confidence in STRK amid broader crypto market gains.
#STRK benefits from Starknet’s position as a leading Layer-2 scaling solution on Ethereum, focusing on improving transaction throughput and reducing fees. The recent protocol upgrades and positive sentiment around privacy-focused projects have contributed to STRK’s strong performance.
With ongoing development and growing adoption of Starknet’s technology, STRK is poised for further upside potential. However, investors should monitor upcoming network updates closely as they will be critical for sustaining momentum.
DUSK +8.14%
DUSK token showed mixed signals recently, gaining 12% according to CoinCodex but also experiencing a 16.86% drop within the last 24 hours as per Binance spot data. This volatility reflects heightened market uncertainty affecting privacy-focused altcoins.
#DUSK is designed as a privacy blockchain protocol targeting confidential smart contracts and compliance with regulatory frameworks. Its unique approach aims to attract institutional interest by balancing privacy with transparency requirements.
The short-term outlook for DUSK remains uncertain due to conflicting price movements and market volatility. Unless clearer bullish trends develop, DUSK may continue to oscillate before establishing a stable upward trajectory.
ZEC +7.63%
Zcash (ZEC), a leading privacy coin, has seen an extraordinary price surge from $58 on September 28 to a peak near $750—a roughly 12-fold increase in value. This dramatic rally reflects renewed demand for privacy solutions amid increasing regulatory scrutiny on public blockchains.
#ZEC leverages zero-knowledge proofs to enable shielded transactions that protect user anonymity while maintaining blockchain integrity. The surge highlights growing investor interest in privacy-centric cryptocurrencies as digital surveillance concerns rise globally.
If demand for privacy coins continues alongside broader crypto market recovery, ZEC could sustain its upward momentum. However, such rapid gains often invite profit-taking; thus, some short-term correction may occur before further appreciation.
