Seeker’s SKR Token Slides After Airdrop as Early Holders Begin Selling
Seeker's SKR token price dropped following its Solana Mobile airdrop as early recipients started selling to secure profits.Summary
Seeker's SKR token experienced volatility after Solana Mobile distributed 2 billion SKR tokens via an airdrop on January 21. Following an initial price surge, selling pressure emerged as early holders began offloading tokens for profit, a typical pattern for new launches. Technical indicators like the Money Flow Index (MFI) are trending lower, suggesting sellers are gaining control, reinforced by on-chain data showing more sell transactions than buy transactions since launch. At the time of writing, SKR was trading near $0.01198, up about 37% from its launch price but having rolled over from a high of $0.01553. The token faces further downside risk if it breaks the $0.01098 support level, while reclaiming $0.01417 is necessary to signal renewed upside momentum.
(Source：BeInCrypto)