Seeker (SKR) Price: Jumps 65% as Token Gets Listed on South Korea’s Biggest Exchange

TLDR

• Seeker (SKR) surged 65% after being listed on Upbit, South Korea’s largest crypto exchange
• SKR price jumped from $0.018 to a high of $0.032 within 24 hours
• Trading volume hit $61.87 million, up over 317% from normal levels
• The listing went live February 24 at 16:00 KST across KRW, BTC, and USDT pairs
• Early staking locked roughly 64% of circulating supply, limiting sell pressure

Seeker (SKR), the native token of Solana Mobile’s crypto smartphone project, jumped 65% on February 24 after South Korea’s largest exchange, Upbit, announced it would support SKR trading.

The move came on a rough day for crypto markets. Bitcoin fell below $63,000 and most altcoins were in the red.

SKR started the day at a 24-hour low of $0.018. It then climbed to a high of $0.032 before settling around $0.027 at time of writing.

Trading volume reached $61.87 million, a jump of over 317% compared to normal activity levels. That kind of volume points to strong buying pressure coming in fast.

According to Upbit’s official announcement, SKR trading went live on February 24 at 16:00 KST. Three trading pairs were made available: KRW, BTC, and USDT.

Deposit and withdrawal support opened 90 minutes before trading began. That gave early movers time to get positioned ahead of the official launch.

Why the Upbit Listing Drove the Move

Upbit is not a small exchange. It controls a large share of South Korea’s crypto trading volume and attracts both retail and institutional capital.

Korean traders have a well-known history of moving fast and hard on new exchange listings. When Upbit adds a token, liquidity tends to follow quickly.

That pattern played out with SKR. According to data from HTX, the token surged 50% in just the final five minutes before the listing went live.

Supply Pressure Kept Low

One factor that may have helped SKR hold its gains is supply. Early staking activity locked up around 64% of the circulating supply.

When a large portion of tokens are staked and off the market, there are fewer coins available for sellers to push prices down.

That reduced sell pressure, combined with the wave of buying from the Upbit listing, likely helped SKR stay elevated even as broader markets struggled.

SKR is the native token tied to Solana Mobile’s crypto-focused smartphone. The project has built a base of early stakers since launch.

At the time of writing, SKR was trading around $0.027 with volume remaining elevated at $61.87 million for the 24-hour period.

The post Seeker (SKR) Price: Jumps 65% as Token Gets Listed on South Korea’s Biggest Exchange appeared first on CoinCentral.