Seeker’s SKR weakens after Solana Mobile airdrop as early holders sell

Beincrypto reports Seeker’s SKR token slid after a volatile debut following Solana Mobile’s airdrop on January 21, when 2 billion SKR tokens—worth roughly $26.6 million at launch—were distributed to Seeker phone users and developers.

The token surged at launch but profit-taking quickly weakened short-term momentum: the Money Flow Index on the 15-minute chart trended lower after an early peak and slipped below the neutral 50 line, signaling sellers gaining control. On-chain data shows about 22,130 buy transactions versus roughly 25,039 sell transactions, indicating distribution outweighed accumulation. SKR was trading near $0.01198 at the time of writing, after peaking at $0.01553 and entering a corrective phase.

Near-term direction hinges on defending $0.01098; a clean break below that level could accelerate downside toward $0.00879 and, in a deeper pullback, $0.00754, while reclaiming $0.01417 would shift momentum back to the upside. The article notes market conditions are subject to change without notice and the analysis is for informational purposes only.

Key Topics

Crypto, Skr, Seeker, Solana Mobile, Seeker Phone, Airdrop