TLDR Solana Mobile launched its SKR token airdrop on Tuesday evening at 9:00 pm ET for Seeker phone users and developers SKR has a fixed supply of 10 billion tokensTLDR Solana Mobile launched its SKR token airdrop on Tuesday evening at 9:00 pm ET for Seeker phone users and developers SKR has a fixed supply of 10 billion tokens

Solana Mobile (SKR) Price Surges as New Token Airdrop Goes Live for Seeker Phone Users

3 min read

TLDR

  • Solana Mobile launched its SKR token airdrop on Tuesday evening at 9:00 pm ET for Seeker phone users and developers
  • SKR has a fixed supply of 10 billion tokens with 30% allocated for airdrops to eligible users
  • The token enables governance and staking functions within the Solana Mobile ecosystem
  • SKR trades at $0.01062, up 54% in the past 24 hours according to Coingecko data
  • Over 100,000 users are eligible to claim tokens within a 90-day window

Solana Mobile distributed its SKR token to users on Tuesday evening, launching the airdrop at 9:00 pm ET. The distribution targets owners of the Seeker smartphone and developers who built apps for the platform.

Seeker (SKR) PriceSeeker (SKR) Price

The airdrop represents the first major distribution of SKR tokens. More than 100,000 users qualify to claim their allocation. Recipients have 90 days to claim their tokens through the Seeker phone’s built-in wallet.

Developers who deployed apps to the dApp Store during season 1 also qualify for the airdrop. Unclaimed tokens after the 90-day period will return to the airdrop pool.

SKR serves as the native token for the Solana Mobile ecosystem. The token has a fixed total supply of 10 billion. Distribution splits across multiple categories, with 30% designated for airdrops.

The allocation plan reserves 25% for growth initiatives and partnerships. Another 10% supports liquidity and launch activities. A community treasury receives 10% for future ecosystem proposals. Solana Mobile holds 15% while Solana Labs controls 10%.

Eligibility for the initial distribution came from a snapshot of onchain activity. The snapshot tracked usage tied to the Seeker device and its applications.

Token Utility and Staking

The token enables holders to participate in governance decisions. Users can delegate SKR tokens to help secure the mobile ecosystem. Staking rewards go to participants who lock their tokens.

Stakers can vote on economic parameters and ecosystem initiatives. The staking model aims to encourage early adoption through an inflation schedule.

Inflation starts at 10% in the first year. The rate decreases by 25% each year until reaching a terminal rate of 2%. Inflation events occur every 48 hours.

Price Performance and Market Data

SKR currently trades at $0.01062 according to Coingecko. The token price rose 54% in the past 24 hours. Trading began following the airdrop launch on Tuesday evening.

Device Background

Seeker is Solana Mobile’s second-generation Web3 smartphone. The Android-based device follows the company’s first product, Saga. Seeker ships with blockchain features including Seed Vault key storage and a built-in Solana dApp Store.

Solana Mobile reported 150,000 preorders for Seeker in August. The company ships devices to over 50 countries.

The launch coincides with Seeker’s Season 2 campaign, which started Wednesday. Season 2 includes new apps and rewards across DeFi, gaming, payments, trading, and DePIN categories.

The post Solana Mobile (SKR) Price Surges as New Token Airdrop Goes Live for Seeker Phone Users appeared first on CoinCentral.

Market Opportunity
Seeker Logo
Seeker Price(SKR)
$0.019255
$0.019255$0.019255
+7.64%
USD
Seeker (SKR) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment?

Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment?

The post Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment? appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 17:39 Is dogecoin really fading? As traders hunt the best crypto to buy now and weigh 2025 picks, Dogecoin (DOGE) still owns the meme coin spotlight, yet upside looks capped, today’s Dogecoin price prediction says as much. Attention is shifting to projects that blend culture with real on-chain tools. Buyers searching “best crypto to buy now” want shipped products, audits, and transparent tokenomics. That frames the true matchup: dogecoin vs. Pepeto. Enter Pepeto (PEPETO), an Ethereum-based memecoin with working rails: PepetoSwap, a zero-fee DEX, plus Pepeto Bridge for smooth cross-chain moves. By fusing story with tools people can use now, and speaking directly to crypto presale 2025 demand, Pepeto puts utility, clarity, and distribution in front. In a market where legacy meme coin leaders risk drifting on sentiment, Pepeto’s execution gives it a real seat in the “best crypto to buy now” debate. First, a quick look at why dogecoin may be losing altitude. Dogecoin Price Prediction: Is Doge Really Fading? Remember when dogecoin made crypto feel simple? In 2013, DOGE turned a meme into money and a loose forum into a movement. A decade on, the nonstop momentum has cooled; the backdrop is different, and the market is far more selective. With DOGE circling ~$0.268, the tape reads bearish-to-neutral for the next few weeks: hold the $0.26 shelf on daily closes and expect choppy range-trading toward $0.29–$0.30 where rallies keep stalling; lose $0.26 decisively and momentum often bleeds into $0.245 with risk of a deeper probe toward $0.22–$0.21; reclaim $0.30 on a clean daily close and the downside bias is likely neutralized, opening room for a squeeze into the low-$0.30s. Source: CoinMarketcap / TradingView Beyond the dogecoin price prediction, DOGE still centers on payments and lacks native smart contracts; ZK-proof verification is proposed,…
Share
BitcoinEthereumNews2025/09/18 00:14
Crucial Fed Rate Cut: October Probability Surges to 94%

Crucial Fed Rate Cut: October Probability Surges to 94%

BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 02:25
MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows

MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows

The post MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows appeared on BitcoinEthereumNews.com. MOEX to Launch $XRP Indices/Futures: $MAXI Adoption
Share
BitcoinEthereumNews2026/02/04 06:00