Solana Mobile has rolled out the long-awaited SKR token airdrop, distributing nearly 2 billion tokens to Seeker phone owners and developers who deployed quality apps in the Solana dApp Store during Season 1. This represents 30% of SKR’s fixed total supply of 10 billion tokens. The airdrop is claimable through the Seeker phone’s built-in wallet over a 90-day window, after which any unclaimed tokens will be returned to the general distribution pool.

The SKR token debuted at approximately $0.006 and climbed above $0.01 within hours of launch, pushing its market capitalization past $70 million. According to the company, SKR underpins governance, incentives, and economic activity within the Solana Mobile ecosystem. The token can be staked directly from the Seed Vault wallet, with inflation events occurring every 48 hours. The annual inflation rate starts at 10% and declines by 25% each year until it stabilizes at 2%.

The airdrop coincides with the start of Seeker’s Season 2 campaign, which introduces a refreshed app catalog, rewards programs, and a strategic focus on sectors including DeFi, gaming, payments, trading, and decentralized physical infrastructure (DePIN). This move aims to bolster the Solana mobile ecosystem by directly incentivizing its user and developer base.

Community reaction to the airdrop has been mixed. While some users reported receiving several thousand dollars’ worth of SKR, others reported allocations closer to $50–$100. Additional user disappointment has been cited regarding delays in phone delivery and extra shipping costs, highlighting the practical challenges of hardware-centric crypto initiatives.

While the SKR launch draws attention to Solana’s mobile strategy, the SOL token itself is facing a significant technical test. After breaking below $136, SOL has slipped into the $120–$127 zone. This area is critical as it represents where an ascending trendline from the 2023 lows meets historical horizontal support, creating a closely watched ‘flip zone’ for traders that has previously acted as both resistance and support.

A sustained hold above $120 could open the door to a recovery toward the $135–$150 range. Conversely, a breakdown may expose downside targets near $110 or even $100. Recent market activity shows some stabilization, with SOL bouncing from around $124 to near $128. This movement is supported by renewed ETF inflows of roughly $3.08 million and spot market accumulation of about $9.31 million, suggesting buyers are stepping in at current levels.