The price of Seeker (SKR), a token on the Solana blockchain, has entered a sharp correction following a massive 200% post-launch rally earlier in the week. As of January 24-25, 2026, SKR is down nearly 25% over a 24-hour period, with the market dynamics shifting significantly as different investor cohorts take opposing actions.
Smart money wallets have executed a decisive exit, reducing their SKR holdings by 56.48% in the past day, equivalent to roughly 8.5 million SKR. This sell-off was triggered by a technical breakdown where the Seeker price lost its Volume Weighted Average Price (VWAP) support on the one-hour chart, a signal often interpreted as distribution rather than healthy consolidation.
In a contrasting move, whale addresses have been accumulating the token during the dip. Their holdings increased by 40.78% over the same 24-hour period, adding approximately 16.3 million SKR to bring their total balance to 56.49 million SKR. This behavior aligned with a bullish divergence on the Money Flow Index (MFI), which rose even as the price fell, signaling underlying accumulation.
Despite whale buying, selling pressure remains elevated due to a surge in exchange inflows. Exchange balances for SKR rose by 10.94% (about 44.8 million SKR) in 24 hours, indicating retail profit-taking or liquidation. This supply overhang is reflected in the declining On-Balance Volume (OBV), suggesting recent price rallies were driven by thinning demand.
The technical outlook is now at a critical juncture. A clean four-hour close below the $0.028 support level could open downside risk toward $0.0120. For bullish momentum to be restored, Seeker needs to reclaim $0.043, with the major resistance zone sitting at $0.053. The market is currently pulled in opposite directions, leaving the token's near-term trajectory uncertain.
