Seeker Soars 70% – But Will It Crash Harder Than a Troll’s Sense of Humor?

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Well, knock me down with a feather and call me surprised! Solana Mobile, those clever clogs, have launched a token for their second-generation Web3 smartphone, the Seeker [SKR]. And lo, it hath performed better than a wizard at a spell-casting contest, surpassing a market cap of $100 million. That’s more impressive than a dwarf with a spreadsheet.

This little miracle pushed it into the top 200 cryptos by market cap, which is like being invited to the fancy party of the crypto world. In the past 24 hours, Seeker led the pack in daily gains, surging over 70%. That’s right, 70%! It’s like the token had a few too many wizard’s potions and decided to take a wild ride. The spike erased its weekly losses and pushed the gains to 48%, which is enough to make even the most stoic investor crack a smile.

But what sorcery is this? What caused this sudden surge after a decline that would make a banshee’s wail sound cheerful? Ah, the answer lies in the mystical land of Upbit, where Seeker was listed and exposed to the Korean traders and the wider Asian market. It’s like introducing a troll to a buffet-chaos ensues, but in a good way.

What drove Seeker’s rally?

Seeker’s rally was fueled by a 429% uptick in daily trading volume, which is more dramatic than a hat falling off a wizard’s head mid-spell. This was all thanks to the Upbit listing, which brought in traders like bees to a honeypot. Upbit, being the generous soul it is, supported three SKR trading pairs featuring Bitcoin [BTC], USDT, and KRW. This led to a frenzy of speculative trading, which is about as predictable as a cat’s mood swings.

This high volume was a slap in the face to the falling crypto market, which was probably muttering, “Oh, very mature.” But the question remains: can Seeker sustain this volume, or will it turn into another ‘pump and dump’ scenario? Only time will tell, and time, as we all know, is a fickle beast.

SKR price action breaks out

The charts, those mystical runes of the financial world, showed that Seeker had broken above a falling trend channel that had held it captive for 12 days. The price rallied from $0.19 to above $0.26 in just an hour after launching on Upbit. That’s faster than a witch on a broomstick chasing her hat.

The Cumulative Volume Delta (CVD), which measures the difference in buying and selling pressure, was as bullish as a bull in a china shop. At the time of writing, the CVD was at 369 million SKR, suggesting massive buying pressure. It’s like everyone decided Seeker was the next big thing since sliced bread-or, in this case, sliced blockchain.

This positive capital inflow was also evident in the Chaikin Money Flow (CMF), whose reading was at 0.47. The indicator showed that capital inflow started the day before the listing, which is about as sneaky as a ninja in a library.

Historically, most exchange listings end up retracing, which is about as surprising as a troll being grumpy. So, it’s always wise to lock in those profits, especially when the price jumps like a frog on a hotplate.

However, widespread profit-taking could put the brakes on this rally faster than a wizard saying, “Oops.”

Traders’ profit-taking risks rally sustainability

Apart from the usual pullbacks after sharp rallies, profit-taking could also curtail this move. According to CoinGlass data, SKR traders flipped the Long/Short Ratio red just after the price hit $0.030. The ratio dropped from its daytime peak of 1.43 to 0.84 at the time of writing, meaning traders were selling faster than a goblin hoarding gold.

On the Binance Futures market, the Long/Short Ratio dipped as low as 0.58. This means most of the profit-taking happened across the globe more than in the Asian market, which drove this rally. It’s like a global game of pass the parcel, but with cryptocurrency.

Still, Seeker was down about 17% this month, which means there are still traders nursing their wounds. It’s like a battle where some fighters are still standing, but others are picking themselves up off the floor.

Final Summary

  • Seeker rallies 70% after the Upbit listing and technical breakout. That’s one heck of a party.
  • SKR price faces the risk of a rally pause as traders intensify profit-taking. It’s like the party’s over, but no one wants to go home.

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2026-02-25 01:11