Solana’s new Seeker smartphone has driven a sharp surge in the SKR token following its token generation event and airdrop.
Market data showed SKR jumping more than 200% within days of the launch.
The $500 Android device is designed specifically for onchain use rather than competing with flagship smartphones.
Solana Mobile said the Seeker integrates security, identity, staking, and access to a native dApp store.
The phone includes a Seed Vault and biometric signing to allow users to manage private keys and transactions directly.
SKR serves as the ecosystem token for the Seeker and operates on the Solana blockchain.
The token has a fixed supply of 10 billion, with around 30% distributed via an airdrop to users and developers.
Eligibility for the airdrop was linked to phone ownership and onchain activity.
Immediate staking was enabled, removing a large share of tokens from circulation.
Staking yields of around 24% APY encouraged holders to lock tokens rather than sell.
Analysts said limited initial supply and strong incentives amplified early price discovery.
Observers warned that selling pressure could return as liquidity improves and unclaimed tokens re-enter the market.
Solana’s move highlights a broader push to use hardware and token incentives to drive crypto adoption.
At the time of reporting, Solana price was $121.99.