Solana Price Falls as SKR Token and Airdrop Launch Announced

Solana price fell 2% in the last 24 hours to trade at $137 as Solana Mobile announces that its SKR token will launch on January 21 at 2am UTC, with Solana Seeker smartphone users able to claim up to 20% of the total supply via an airdrop.

The token is designed to support Solana’s mobile ecosystem by allowing users to delegate SKR to “custodians”. These gatekeepers help secure the Solana network, verify devices, and manage the decentralized app store. In return, users can earn rewards and unlock special features within the app.

The first-ever Seeker Season is complete, with over 265 dApps, 9 million transactions, and $2.6 billion in volume.

Thank you to the more than 100,000 researchers who participated.

Now the next step: SKR will launch on January 21 (UTC). pic.twitter.com/KKdmPpKJs2

— Researcher | Solana Mobile (@solanamobile) January 7, 2026

According to Solana Mobile, SKR gives the community more control over the growth of the platform. Token holders will help decide who can participate, what rules are followed, and how money flows within the ecosystem. Solana Mobile CEO Emmett Hollyer said the airdrop is the first step in giving users real influence over the future of the platform.

The launch follows the end of the first Seeker season, which showed strong user activity. More than 100,000 users interacted with 265 decentralized applications, completing 9 million transactions and generating $2.6 billion in trading volume.

Solana Mobile reveals Seeker phone plans

The Solana Seeker is Solana Mobile’s second blockchain-powered phone, designed to support crypto applications, digital payments and token ownership. Support for the old Saga phone ended in October after the Seeker was released.

Solana Mobile also wants to challenge the dominance of Apple and Google in the mobile application market. The company believes that current app stores limit user choice and developer freedom, while Solana’s decentralized model provides a more open and flexible system.

SKR will give everyone who has brought us this far the opportunity to influence the success of this platform: who can participate, what rules they follow and what economic flows maintain it.

This drop is the first step.

-Emmett 📱 (@m_it) January 7, 2026

In terms of token distribution, 57% of SKR will be available on day one. This includes 30% for airdrops, primarily for Seeker users and developers. An additional 27% (2.7 billion tokens) will be unlocked at launch. Of this amount, 1 billion will go to the community treasury, 1 billion to liquidity and 700 million to growth and partnerships.

The Solana Mobile team will receive 15% of the total supply, while Solana Labs will receive 10%. Several Solana infrastructure companies, including Anza, DoubleZero, Helius, and Jito, will serve as gatekeepers to help guide and grow the Seeker ecosystem.

Solana eyes $160 as bullish cup-and-handle pattern emerges

The 4-hour chart of Solana (SOL) shows an emerging bullish pattern, indicating near-term upside potential. A cup and handle pattern appears to be forming, a well-known continuation pattern that indicates that price could see consolidation and minor pullbacks before a strong move higher.

The “cup” formed between $122 and $124, a strong support zone tested repeatedly in late December and early January. This level has proven to be a major area of ​​demand that buyers are regularly stepping into, providing a basis for the next potential rally.

SOL has been rising steadily, forming higher highs and higher lows, which shows increasing buying interest. The RSI is 54.81, suggesting slight bullish momentum without reaching the overbought level, leaving room for further gains. The recent slight decline could represent the “handle”, a short-term consolidation phase before a possible breakout.

Analysis of the SOLUSDT chart Source: Tradingview

When the cup and handle pattern is complete, the price will likely target a potential target near $160. Support and resistance zones further strengthen the bullish scenario. SOL has already broken through minor resistance near $135 to $137, which could now act as short-term support if the price pulls back slightly.

A strong candle near the upper limit of the handle, ideally accompanied by rising volume, would confirm a breakout. On the other hand, if SOL falls below the handle support near $132, the trend would be invalidated, suggesting additional sideways or downward movement before another breakout attempt.

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