Early staking locked amounts to roughly 64% of the circulating supply, reducing sell pressure.
While Bitcoin (BTC) price crashed below $63,000 and most altcoins bled red on Monday, one token defied gravity.
Seekers (SKR), the native token of Solana Mobile’s crypto smartphone, surged 65% intraday after landing a listing on Upbit, South Korea’s largest cryptocurrency exchange.
SKR spiked from a 24-hour low of $0.018 to a high of $0.032, delivering a 65% gain over 24 hours.
At press time, the token is trading around $0.027 with $61.87 million in trading volume — a 482% surge in activity that signals aggressive buying pressure.
This is what happens when a fresh catalyst meets a beaten-down token in a risk-off market. While Upbit’s involvement is the key, here is what could be next for Seeker’s price.
Why the Upbit Listing Matters
Upbit isn’t just another exchange. It’s South Korea’s dominant crypto platform, commanding massive retail and institutional liquidity.
When Upbit lists a token, Korean traders, known for aggressive participation in new launches, flood in with capital.
According to Upbit’s official announcement, SKR went live for trading on February 24 at 16:00 KST across KRW, BTC, and USDT markets.
Deposit and withdrawal support opened 90 minutes earlier, allowing early movers to position ahead of the official trading launch.
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The exchange implemented temporary restrictions for the first five minutes to protect investors, limiting buy orders during the initial surge.
However, once those restrictions were lifted, buying pressure exploded, driving the Seeker price up by 65%.
For those unfamiliar, Korean exchanges have a track record of triggering massive rallies for newly listed tokens.
Remember AZTEC’s surge after Upbit and Bithumb listings earlier this month? SKR seems to be following the exact same playbook.
Seeker Price Analysis: How It Broke Out
Looking at the SKR/USD chart, the Seeker token surged in a single 4-hour candle, rocketing from $0.018 to $0.032 before settling at $0.031.
The setup was being built quietly. As seen below, SKR’s price had been coiling inside a descending channel for nearly two weeks, compressing between lower highs and the $0.018 support floor.
But today, it broke above the upper trendline of the channel
Before that, indicators had been flashing warnings. The Relative Strength Index (RSI) Divergence indicator showed two consecutive Bull divergence signals (on Feb. 19 and again on Feb. 21) as the price made lower lows.
That was the tell. Now the RSI sits at 83.62, deep in overbought territory.
The Moving Average Convergence Divergence (MACD) ALSO confirms the breakout. The line has crossed above the signal, and histogram bars have flipped green.
At the time of writing, the immediate resistance sits at $0.035. A pullback to retest the breakout zone near $0.025 would be healthy.
However, bulls need that level to hold on to any dip, and potentially drive Seeker price higher again.
Staking Incentives Drive Holding, Trading Volume Up
One reason SKR could sustain its gains: staking. The token offers up to 28% APY for early participants, with roughly 64% of the circulating supply already locked in staking contracts.
This reduces selling pressure and creates structural demand.
Furthermore, Seeker Season 2 is ongoing, introducing expanded DeFi, gaming, and payment dApps with boosted rewards.
Mid-2026, SKR holders will gain governance rights to direct treasury allocations and ecosystem development.
The question is whether this utility translates into sustained demand, or if SKR remains a speculative play tied to exchange listing momentum.
As of this writing, it does not seem the Seeker price breakout is over, given the current spike in trading volume.
From the image below, the SKR volume has surpassed $61 million. The last time it hit such levels was on Feb. 7, when its price was $0.023.
Considering that the Seeker price is rising as well, the volume could strengthen the uptrend. Therefore, if this trend persists, SKR might hit $0.040 in the short term.
SKR Price Prediction: Higher
On the daily chart, SKR price has printed a powerful daily breakout candle after consolidating inside a descending channel.
From the chart below, the altcoin had been compressing with lower highs and drifting toward the lower boundary near $0.018.
That structure resolved to the upside, breaking above the channel resistance and reclaiming the 0.236 Fibonacci level around $0.024 in one move.
The candle also pushed through the 0.382 retracement near $0.030, which is now the key short-term level to watch.
Structurally, this is a shift in momentum. The descending channel is invalidated on a closing basis, and the reclaim of prior resistance suggests trapped shorts may have fueled the move.
However, Seeker’s price is now pressing directly into the 0.382 zone, which acts as the first supply area after a breakdown.
If SKR can hold above $0.030 on a pullback, that would confirm acceptance above the breakout level and open the door toward $0.036 (0.5 fib) and potentially $0.042 (0.618).
Failure to hold above $0.024 would increase the probability that this was a short-squeeze spike rather than the start of a sustainable trend reversal.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
