Solana Price Jumps 4% After the Launch of SKR Token Airdrop for Seeker Users

The Solana price has surged 4% in the last 24 hours, reaching $130 after Solana Mobile, a subsidiary of Solana Labs, launched a token airdrop for users of its Web3 smartphone, the Solana Seeker, introducing the SKR token as the ecosystem’s native utility and governance asset.

The SKR token went live on Wednesday, with holders of the Seeker device given 90 days to claim their airdropped tokens. The launch covers at least 100,000 users and 188 developers, distributing nearly 2 billion SKR tokens, valued at around $26.6 million at the time of the announcement.

The Solana Seeker, launched in August 2025, is an Android-based smartphone designed specifically for crypto users, succeeding the Solana Saga released in 2022. The Seeker features a dedicated decentralized app (dApp) store and deep integration with the Solana ecosystem.

The SKR token serves as a governance and rewards tool within the platform and is built as a Solana Program Library (SPL) token, the standard for managing assets on Solana. It has a fixed supply of 10 billion tokens and is intended to incentivize participation, support security initiatives, provide access to platform features, and align interests among users, developers, and researchers.

Since its launch, SKR has surged about 38%, trading at $0.013. Users who claim the token can stake it through the Solana Mobile platform, earning rewards with inflation events every 48 hours and 0% commission at launch.

Solana Price Bullish Cup‑and‑Handle Signals Breakout To $150

The Solana price 4-hour chart shows the price currently sits at $130.09, showing signs of forming a cup-and-handle pattern. The initial “cup” is visible as a rounded bottom around the $125–$127 consolidation zone, which has acted as a solid base for buying interest.

This rounded structure indicates a potential bullish reversal, with the current price area near $130 possibly marking the early stages of the “handle” formation. If this handle develops successfully, it could set the stage for an upward move toward higher resistance levels.

The key resistance to watch lies between $145 and $146, representing the upper boundary of the cup. A successful breakout above this resistance could pave the way for a further rally toward the $150 target, which aligns with the extended projection of the cup-and-handle pattern.

SOLUSD Chart Analysis. Source: Tradingview

SOL Price Support Holds as RSI Signals Potential Rebound

On the downside, the consolidation zone of $125–$128 remains an important support area. The price has bounced off this range several times, indicating strong buying pressure. The current action around $128–$130 shows early signs of a rebound, indicating that buyers are stepping in to defend this level. Should the price hold here, it strengthens the case for a potential upward swing.

The RSI (14) currently sits at 40.8, having previously dipped near 29.75, which signaled oversold conditions. The upward trajectory of the RSI indicates growing buying pressure, further supporting the likelihood of a rebound.

For trading, a bullish approach would involve entering near $130–$132, placing a stop-loss below $125 to protect against downside risk. The initial target would be $145, with the potential to extend to $150 if the major resistance is broken. Conversely, if the price falls below $125, the cup-and-handle formation would fail, increasing the likelihood of a decline toward $120–$122, which serves as the next support zone.