Seeker (SKR), the Solana-based token that surged 200% following its launch earlier this week, has entered a pullback phase with smart money wallets slashing their holdings by more than 56% in a single day while whale investors moved in the opposite direction and added to their positions.
What Happened: Smart Money Exits
On-chain data showed informed traders cut roughly 8.5 million SKR from their portfolios over the past 24 hours after the token lost its Volume Weighted Average Price line on Jan. 24.
The VWAP breakdown, which signals distribution rather than consolidation, triggered a decisive exit from short-term holders.
Exchange balances climbed 10.94% to 453.67 million SKR during the same period. Smart money selling and retail profit-taking contributed to an estimated 44.8 million tokens flowing onto trading platforms. Smart money refers to wallets controlled by institutional investors or experienced traders whose moves often precede broader market trends.
Also Read: XRP Pattern Hints To Potential $4 Price Target, Analyst Claims
Why It Matters: Whales Diverge
Whale holdings increased 40.78% over the past 24 hours, adding approximately 16.3 million SKR to reach a total balance of 56.49 million tokens.
The Money Flow Index showed a bullish divergence—rising even as price fell—which typically indicates accumulation beneath the surface.
However, the exchange inflow surge far exceeds whale buying. On a four-hour closing basis, $0.028 represents the critical support level, with a breakdown potentially opening downside risk toward $0.0120.
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