The Seeker price has entered a retracement phase. After a strong 200% increase right after its launch earlier this week, SKR is now down nearly 25% in the last 24 hours. This shift becomes even more important as the buyers behind the movement have changed.
In our previous analysis, we showed how smart money absorbed airdrop sales and helped stabilize the price. That situation no longer applies. Smart money has started to reduce exposure, exchange balances are increasing, but at the same time, whale wallets are quietly filling up. The result is a market pulled in opposite directions, with a 5% drop now in focus.
Critical breakdown triggered smart money exit
The first crack came on January 24.
On the one-hour chart, the Seeker price fell below its Volume Weighted Average Price (VWAP) line. VWAP represents the average price traders have paid, weighted by volume.
When the price stays above this line, buyers are in control. When it breaks, it often signals distribution instead of healthy consolidation.
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This breakdown closely matched smart money behavior.
In the last 24 hours, smart money wallets have reduced their SKR holdings by 56.48%. Based on on-chain data, this group cut approximately 8.5 million SKR from their positions in one day. This was not slow trimming, but a decisive exit after the loss of short-term structure.
This is important because smart money tends to move first. When they withdraw after VWAP is breached, it usually means that the nearest upside no longer offers favorable risk-reward.
This explains why Seeker's attempts at rising have been muted, even as the price tries to stabilize. But smart money selling is just one part of the equation.
Whales buy the dip as one divergence signals accumulation
While informed traders sold out, whales did the opposite.
From January 23 to 24, the Seeker price continued to decline, but the Money Flow Index (MFI) rose during the same period. MFI tracks buying and selling pressure using both price and volume. When the price falls and MFI rises, it signals accumulation behind the scenes.
This divergence helps explain whale behavior.
In the last 24 hours, whale wallets have increased their holdings by 40.78%, raising their total balance to 56.49 million SKR. This means that the whales added approximately 16.3 million SKR during the downturn.
Unlike smart money, whales do not trade on short-term structure. They position themselves in weakness, which aligns perfectly with MFI and dip-buying.
This creates a clear contrast in intentions. Smart money withdrew after VWAP failed. Whales entered when the momentum calmed and dip-buying signals emerged.
However, whale accumulation does not automatically mean price strength. Whales can absorb supply, but they cannot stop a decline if selling pressure elsewhere continues to rise. Thus, attention is drawn to exchange behavior.
Exchange inflow keeps the risk of Seeker price drop alive
Despite whale buying, selling pressure remains high.
Exchange balances have surged significantly in the past 24 hours, up 10.94% to 453.67 million SKR. This means that approximately 44.8 million SKR was moved to exchanges during this period. Smart money exits contributed to this flow, and private profit-taking has likely increased the pressure further.
This change in supply is clearly reflected in the volume data.
On the four-hour chart, On-Balance Volume (OBV) has pulled downward even though the price has remained high between January 21 and January 24. OBV tracks whether the volume confirms price movements. When the price holds up, but OBV falls, it indicates that the rise is driven by waning demand rather than strong accumulation.
This explains why the whale wallets' purchases have not yet resulted in further increases. Additionally, the increase in inflows to exchanges easily surpasses their accumulation.
The technical risk is now clearly defined. On four-hour closing, $0.028 is the key level, a movement of 5% from today's level at publication. A clear close below this, along with an OBV trend break, will signal that selling pressure exceeds accumulation and opens up downside risk towards $0.0120.
On the upside, the Seeker must reclaim $0.043 to restore confidence. Beyond this, $0.053 remains the key resistance zone where previous offers have been concentrated. Without a change in volume behavior, it remains difficult to reach these levels.
The structure tells a simple story. Smart investors have withdrawn. Whale wallets are accumulating. Exchanges are filling up. As long as this imbalance persists, the Seeker price remains vulnerable.
