Seeker token SKR posted a sharp move after Upbit added trading support. The source says that on Feb. 24, 2026, SKR climbed more than 61% in 24 hours to $0.03059. Upbit opened trading across KRW, BTC and USDT pairs, and the new access quickly pushed activity higher.
The rally stood out because the broader market was moving the other way. The article states that the overall market was down 2.55%, while Bitcoin had fallen 3.23%. SKR, by contrast, broke out from its earlier $0.018 to $0.020 range and moved close to $0.030. The short-term signal is clear: exchange-driven liquidity was the main catalyst.
Upbit added Solana-based SKR with deposits and withdrawals enabled first
According to the source, Upbit listed SKR on the Solana network and scheduled trading to begin on Feb. 14, 2026, at 4:00 PM KST, or 7:00 AM UTC. Deposits and withdrawals were enabled before trading started, and the exchange used a CoinMarketCap-based reference price of about $0.02959.
SKR was already available on Bybit, KuCoin, Gate.io, Coinbase and Solana DEX venues. Even so, the Upbit launch acted as a fresh liquidity trigger. The source reports that daily trading volume surged 680% after the announcement. That response matters because Korean exchange flows often have an outsized effect on altcoin price action.
Token utility centers on staking, governance and mobile Web3 payments
The project is described as an open mobile platform that combines hardware security with a Web3 user experience. Within that setup, SKR serves as the native token for the Solana Mobile ecosystem. The article lists its core functions as staking rewards, governance participation, ecosystem incentives, developer rewards, and mobile Web3 payments and services.
That gives the token a use case beyond exchange momentum. If Solana Mobile adoption expands, demand for SKR would depend more on actual ecosystem activity, including staking and service usage, rather than headline-driven trading alone. If usage stays limited, price behavior is more likely to remain tied to liquidity bursts and speculative turnover.
Supply stands at 10.03B tokens as traders watch circulation and lockups
The source puts SKR trading volume at about $47 million and market capitalization at $162.78 million, up 67%. Weekly performance shows strong upside momentum, while the monthly picture points to recovery with rising volume. Interest is clearly there. It arrived fast.
Still, the tokenomics are a key part of the debate. SKR has a total supply of 10.03 billion tokens, so price support depends less on scarcity and more on whether demand can absorb circulating supply. The article says that if staking participation rises and more tokens are locked, the price could move toward $0.040 to $0.055. If supply enters circulation faster than demand grows, SKR could consolidate near $0.022 to $0.025. For a longer horizon, the source also mentions a possible $0.08 to $0.12 range, with ecosystem usage, staking lockups and controlled distribution presented as the main conditions.
For now, the Upbit listing has pushed SKR into a high-volatility phase. Price, volume and attention all rose together, showing that capital moved in quickly once the listing went live. Whether that move turns into something more durable will depend on how much real demand the Solana Mobile ecosystem generates for the token.