Seeker price down 25% as smart money slashes exposure by 56%. After delivering a sharp 200% post-launch rally earlier this week, SKR is now down nearly 25% over the past 24 hours. That shift becomes all the more important as the buyers driving the move have changed. The first crack appeared on January 24.
Over the past 24 hours, smart money wallets reduced their SKR holdings by 56.48%. This was not slow trimming. That breakdown lined up closely with smart money behavior. Whales holdings increased by 40.78%, lifting their total balance to 56.49 million SKR.
Whales added approximately 16.3 million SKR during the pullback. Exchange balances increased sharply over the past 24 hours, rising by 10.94% to 453.67 million SKR. That implies roughly 44.8 million SKR moved onto exchanges during this period. On the four-hour chart, On-Balance Volume (OBV) has trended lower even as price remained elevated between January 21 and January 24.
Leave a Reply