Solana Mobile Seeker Debuts SKR Token With Sharp Market Rally

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Solana Mobile SKR Token Launch Overview

Solana Mobile has started distributing its SKR token to eligible users and developers, launching Tuesday at 9:00 pm ET as SKR jumped 36.88% in 24 hours to $0.01099. The airdrop supports the Seeker smartphone ecosystem, Solana Mobile’s second-generation Web3 device platform. The token has a fixed maximum supply of 10 billion and aims to link crypto incentives with mobile hardware adoption.

The initial distribution used a snapshot of on-chain activity tied to the Seeker device and its applications. The rollout followed months of buildup around Seeker, which Solana Mobile has described as a more mature successor to its first Web3 phone, the Saga. As trading picked up, the SKR chart showed an early low near $0.005924 before a climb toward an intraday peak around $0.014.

Allocation Plan Sets 30% for Airdrops

SKR’s allocation plan sets 30% of the supply for airdrops, including the first drop to eligible Seeker users and developers. Another 25% is reserved for growth initiatives and partnerships. In addition, 10% supports liquidity and launch activities.

A further 10% is assigned to a community treasury meant to fund future ecosystem proposals. The remaining supply splits between Solana Mobile at 15% and Solana Labs at 10%. The distribution plan positions users and ecosystem growth as the largest combined buckets.

The Seeker platform launch also aligned with the start of Seeker’s second season. The season includes a refreshed app catalogue, a rewards system, and early access to products. It also targets areas such as DeFi, gaming, payments, trading, and DePIN.

Governance and Staking Built Into SKR Design

Solana Mobile plans to use SKR for governance and staking within the Seeker ecosystem. Holders can delegate tokens to help secure and scale the mobile ecosystem. In return, stakers can earn rewards and join decisions affecting the Seeker platform, including economic parameters and ecosystem initiatives.

To support participation, SKR will use a linear inflation schedule that the project says will reward early involvement. Inflation starts at 10% in the first year. Each year, that rate falls by 25% from the prior level until it reaches a terminal rate of 2%.

The tokenomics repeat the same framework as a linear decline designed to stimulate early activity. The annual rate begins at 10%. It then steps down by 25% each year until stabilizing at 2%, where issuance is expected to level off.

As Seeker’s ecosystem expands, the central question remains: will token-based rewards meaningfully change how users choose and use Web3 phones?

Price Surge Arrives With Heavy Volume and Mixed Reactions

Market data showed SKR rising to $0.01099 over 24 hours, reflecting a 36.88% gain. CoinMarketCap data placed market capitalization at $59.72 million, while fully diluted valuation stood at $109.95 million. At the same time, 24-hour volume reached $37.29 million, up 5,776.79%, with a 24-hour volume-to-market-cap ratio of 61.59%.

Supply figures on the same data showed a total supply of 9.99 billion SKR, with a maximum supply of 10 billion. Circulating supply stood at 5.43 billion SKR. The asset’s profile score registered at 48%.

User reactions to the airdrop varied based on payout size. Some users who received substantial rewards described the result as unexpected. One recipient noted: “I just used the phone without expecting anything in return. Using a crypto native phone built in mind for security just seemed to be it. Getting $10k+ as an airdrop is an absolute gift.”

Other users welcomed much smaller rewards, including examples of $77 payouts. Yet some participants voiced frustration with the outcome. A community member called the airdrop “the most disappointing” in their 11 years of interacting with crypto projects.

Another user said they received $50 and criticized the process, noting: “You buy a phone, get it a year and a half later, they ask you for another $50 for shipping… they credit you $50,” while also referencing hype around the drop.

Separately, in mid-December, the Solana Foundation partnered with Project Eleven. The partnership aims to prepare the network for a potential threat from quantum computers.