SKR, the native token of Solana Mobile, officially opened for airdrop claims at 10:00 AM (UTC+8) on January 21. But the pre-market performance has disappointed many. The token price slumped 46% in 24 hours, sliding from $0.0165 to $0.0088 — well below the community's optimistic forecast of $0.02 to $0.04.
Pre-Market Price Halves, FDV Shrinks to $88M
Based on pre-market trading data, SKR's fully diluted valuation (FDV) now stands at approximately $88 million, given a total supply of 10 billion tokens. The drop from yesterday's $0.0165 level amounts to a near-halving. Earlier reports had flagged an intraday low of $0.00769 before a minor recovery to $0.0088.
Airdrop Selling Pressure: 1.82 Billion SKR in Play
This airdrop distributes roughly 2 billion SKR, with over 100,000 users collectively receiving about 1.82 billion tokens, and 188 developers getting 141 million. A large volume of tokens entering the market at once raises real sell-off risks — especially as some recipients may choose to cash out immediately. Analysts see the pre-market crash as a direct reflection of such concerns.
Season 1 Metrics Impressive but Fail to Boost Price
Solana Mobile's Season 1 campaign delivered strong numbers: more than 100,000 participants, 9 million transactions, 265+ dApps involved, and total volume reaching $2.6 billion. Yet even these solid ecosystem stats could not prop up the SKR price, prompting some investors to rethink the token's intrinsic value.
The team reminds users that the SKR claim window lasts 90 days, so there is no rush. A fee of roughly 0.02 SOL is required per claim to cover transaction costs.