The native token of Solana Mobile’s crypto smartphone, Seeker, has seen hyperbolic growth since it launched just 24 hours ago.
The airdrop for Seeker (SKR), which began on Jan. 21, allows eligible Seeker phone owners and qualifying app developers to claim SKR directly through the device’s built-in crypto wallet.
As of press time, SKR is trading at $0.049 with a market cap of over $265 million, up over 300% in the past 24 hours since it began trading on major centralized and decentralized exchanges, including Coinbase, Bybit, Bithumb and Meteora.
The massive rally makes SKR the biggest gainer among the top-1000 crypto assets over the last 24 hours, per CoinGecko.
Solana Mobile, a subsidiary of Solana Labs, said in a blog post that more than 100,000 users and 188 developers are eligible to claim tokens in the airdrop, with distribution open for 90 days before unclaimed tokens are returned to the airdrop pool on April 20.
SKR is designed to function as the governance token for Solana Mobile’s ecosystem, while also aligning incentives across ecosystem participants, including users and developers. The token is issued as an SPL asset on Solana, the network’s token standard, with a fixed supply of 10 billion, of which 5.7 billion is currently circulating.
Under Solana Mobile’s tokenomics, 30% of SKR’s max supply was allocated to user and developer airdrops at launch. Another 25% of supply is reserved for ecosystem growth and partnerships, 15% for the Solana Mobile team, 10% for Solana Labs, 10% for a community treasury and 10% for liquidity and launch-related needs.
The rollout comes as Solana Mobile shifts its focus to Seeker, an Android-based successor to its first-generation Saga phone, after quietly ending support for Saga in late 2025. While early crypto phones have often relied on airdrops to drive short-term demand, many — including Saga and rival devices — have struggled to transform that interest into sustained usage.
