Solana makes a new mark in the cryptocurrency hardware market with the launch event of the Seeker phone and the $SKR token, as the value of this token surged more than 200% within just the first few days.
The strong price increase of $SKR occurred right after the token release event (TGE) along with the airdrop program associated with the second-generation Solana Mobile phone. This is a $500 Android device designed optimally for direct operations on the blockchain. Although the initial volatility was anticipated, the speed and scale of the price increase quickly caught the attention of the entire cryptocurrency market.
The phone dedicated to the cryptocurrency community
Solana Seeker is not just a premium mobile device but is also positioned as a Web3-native smartphone, aimed at cryptocurrency users with unique features. The device deeply integrates wallet security utilities, personal identification, and direct staking within the operating system.
The phone with Seed Vault helps securely store private keys, authenticate transactions using biometrics, and provide direct access to the Solana dApp Store.
Users can easily interact with decentralized applications (dApps), perform token staking, and track rewards without relying on a third-party wallet.
According to Solana Mobile, over 150,000 devices have been pre-ordered in the first sale. Currently, subsequent shipments are being delivered to customers, marking a transition of the ecosystem to its second reward season.
Launch of the SKR token – the driving force of the Seeker ecosystem
The SKR token plays a central role in the Seeker ecosystem, issued on the Solana platform with a fixed total supply of 10 billion tokens. About 30% of the supply has been allocated to users and developers through the airdrop program, based on device ownership and on-chain activity levels.
The token reception process is conducted directly through the Seeker wallet, allowing for immediate staking. Developers receive a large allocation, while active users can also own a significant amount of tokens.
Unlike many recently launched projects, $SKR is listed with a low fully diluted valuation, helping to limit selling pressure in the early stages.
Seeker SKR token price chart since launch | Source: CoinGecko
Why did SKR increase sharply?
There are many compounding factors driving the surge of $SKR in the first two trading days. Staking from the outset has removed a large number of tokens from the circulating supply. Solana Mobile's staking design encourages users to lock tokens immediately, making the supply even scarcer during the price establishment process.
In addition, the attractive staking interest rate of up to 24% APY has attracted strong participation. This reward comes from the token's own inflation, prioritizing early adopters and minimizing selling pressure.
Seeker promises an annual interest rate (APY) of nearly 24% when staking SKR | Source: Solana Mobile
The rapid listing of the token on major exchanges along with high trading volumes has accelerated the price establishment process. According to data, daily trading volumes reached a peak of over $140 million, an impressive figure compared to the circulating market capitalization of the token.
Major exchanges like Coinbase and Kraken quickly listed $SKR, even though the market capitalization was only around $200 million.
These factors have created a temporary supply shortage phenomenon during the launch phase.
However, most of the initial demand primarily came from airdrop incentives, staking offers, and limited liquidity, rather than reflecting sustainable revenue or actual usage levels.
As the tokens that have not been received continue to circulate and the inflation rate gradually decreases, price correction pressure may reappear.
The Seeker launch event marks Solana's boldest effort to directly connect physical hardware with tokenized incentives.
Whether this model can scale beyond the pioneer user group remains a big question for the future.
https://coinphoton.com/token-skr-cua-dien-thoai-thong-minh-seeker-tang-vot-sau-khi-ra-mat.html