Smart Money Exit Solana’s Seeker Token after 200% Rally
Seeker (SKR) is pulling back after a 200% rally as smart money sells, while whales accumulate on the dip.Summary
The Seeker (SKR) token is experiencing a pullback, dropping nearly 25% after a sharp 200% post-launch rally, driven by a significant shift in buyer behavior. Smart money wallets drastically reduced their SKR holdings by 56.48% following the token's loss of the Volume Weighted Average Price (VWAP) on January 24, signaling a decisive exit due to unfavorable short-term risk-reward.
Conversely, whales have been accumulating, increasing their holdings by 40.78% over the past 24 hours, which aligns with a bullish divergence seen in the Money Flow Index (MFI) where price fell while MFI rose. However, this accumulation is being countered by significant exchange inflows, suggesting supply pressure from retail profit-taking and smart money exits.
The technical outlook remains cautious; a clean close below the $0.028 support level could expose SKR to further downside toward $0.0120, especially if the On-Balance Volume (OBV) trend continues downward. Upside recovery requires reclaiming $0.043, with $0.053 being the critical resistance zone.
(Source：BeInCrypto)