SKR (Solana Mobile Seeker) increased by 15.86% in the past 24 hours

Gate News Bot Message, February 02, According to CoinMarketCap data, at the time of press, SKR (Solana Mobile Seeker) is trading at $0.02, up 15.86% in the past 24 hours, reaching a high of $0.03 and a low of $0.02, with a 24-hour trading volume of $59.8 million. The current market cap is approximately $97.8 million, an increase of $13.4 million from yesterday.

SKR is the native asset of the Solana Mobile ecosystem, serving as the Seeker Genesis Token. Holders gain access to the Solana Mobile ecosystem. The project aims to drive the Web3 mobile device revolution by combining Seeker hardware with SKR tokens to create an open mobile ecosystem for developers, users, and hardware manufacturers. Developers can receive support through hackathons and builder funds to develop innovative dApps and infrastructure; users can participate, profit, and own their mobile experience. The Seeker device features built-in Seed Vault Wallet hardware security, Seeker ID on-chain identity, and an integrated Solana dApp store. The project also launched TEEPIN (Trusted Execution Environment Platform Infrastructure Network) technology, which provides secure hardware encryption and embedded trust protocols at the hardware level to verify device identity, boot status, and software authenticity.

Recent important news about SKR:

1️⃣ Expansion of Ecosystem Adoption and Strengthening Institutional Participation Improve Project Fundamentals
Since the launch of the SKR token, the ecosystem’s adoption capacity has continued to grow. To date, 60,000 wallet addresses have claimed tokens worth $70 million, with an average airdrop amount of $1,400, covering 100,908 Seeker users, indicating significant progress in user acquisition. The Solana ecosystem staking protocol Jito announced it will stake all its SKR tokens to support project development, reflecting recognition from key ecosystem participants of the project’s prospects. Meanwhile, over 107,000 .SKR domains have been registered, demonstrating strong user enthusiasm for the Solana Mobile ecosystem and laying a solid user foundation for long-term development.

2️⃣ Gate Platform Liquidity Support and Incentive Mechanisms Improve Trading Infrastructure
As the world’s first launch exchange, Gate listed SKR/USDT spot trading on January 21, followed by the launch of SKR/USDT perpetual contracts on Gate Perp DEX, supporting 1-50x leverage for long and short positions, providing traders with flexible trading options. Gate Launchpool Phase 357 launched the SKR project, allowing users to stake BTC and USDT to share 10 million SKR tokens for free. The mining period is from January 22 to January 27, with 100% of tokens unlocked immediately, and offering USDT beginner pool users a 100 USDT position voucher and a 70% extra airdrop reward for staking BTC. These measures fully demonstrate Gate’s liquidity support capacity, providing continuous trading depth and price stability for SKR.

3️⃣ Whale Accumulation and Expansion of Derivatives Tools Drive Price Recovery
After an initial pre-market price drop to $0.00769, market expectations gradually recovered. Large whale addresses spent $269,000 buying 20.07 million SKR over the past two days, currently with a floating profit of $750,000 and a return of 279%, indicating active positioning by large funds at low prices. The derivatives platform Hyperliquid launched SKR perpetual contracts supporting 3x leverage, further expanding trading tools. These factors collectively drove SKR from extreme lows to form new market support in the current $0.02-$0.03 range, corresponding to the $0.03 quote on January 27, showing a weekly correction pattern.

This message is not investment advice; please be aware of market volatility risks.