SKR Soars 200%: Smart Money Buys, Airdrop Sellers Lurk

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Behold, the price of Seeker has ascended with the fervor of a desperate soul, soaring past 200% in a single day! Now trading near $0.041, it once brushed the heavens at $0.059. A tale of airdrop chaos, where sellers lurk like shadows, yet the wise ones step forth with glee.

What makes this ascent peculiar? Not the size of the leap, but the hands that caught the falling coins. While airdrop recipients scattered SKR like confetti, the shrewd and the mighty-those with wallets as heavy as their greed-snatched up the tokens with the precision of a seasoned thief. A rally, it seems, is but a mask for deeper schemes.

Airdrop Selling Hit Exchanges but Failed to Break Structure

The first wave of selling was as fierce as a storm. Over 24 hours, exchange balances swelled by 51%, a deluge of 129 million SKR. Yet, like water off a duck’s back, the price rebounded, defying the odds. A tale of resilience, or perhaps a masquerade.

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VWAP, that sacred line of Volume Weighted Average Price, is the market’s heartbeat. To lose it is to invite despair, yet Seeker’s price danced back, as if mocking the naysayers. A temporary setback, swiftly corrected by the unseen hand of the wise.

But lo, the price reclaimed its throne, with the 9-period EMA standing as a shield. An EMA, that fickle friend, reflects the whims of traders. In this case, it was the first line of defense, a bulwark against the tide of despair.

The 21-period EMA, that deeper trend, remained untouched. A sign that the sellers, though numerous, lacked the strength to break the structure. A controlled retreat, not a rout, as the wise ones waited for their moment.

The question lingers: who was the buyer? A riddle wrapped in a mystery, solved by the data. While exchanges gobbled up 129 million SKR, the top 100 addresses-those titans of the crypto realm-swallowed 144 million, their pockets swelling with the fruits of others’ labor.

Smart Money and Whales Absorbed More Than Exchanges Sold

Wallets, those silent witnesses, tell a tale of accumulation. The top 100 addresses, those behemoths of wealth, added 144 million SKR, their holdings now a mountain of tokens. The standard whale wallets, too, grew bolder, their balances a testament to their cunning.

Smart money, that elusive beast, added 2.4 million SKR, a 32.5% surge. Even public wallets, those humble vessels, began to swell, their lowly beginnings now a harbinger of fortune.

In total, non-exchange wallets devoured 182 million SKR, outpacing the exchanges by 50 million. A balance tipped, yet the price stood firm, a testament to the power of the wise.

In simple terms, airdrop sellers sold into strength, while the titans took the other side. A dance of greed and desperation, where the weak fall and the strong rise.

SKR Price Levels That Decide Whether the Rally Extends

From here, the price structure becomes the true battleground. On the two-hour charts, VWAP remains the sacred line. As long as the price holds above it, the short-term trend is a phoenix, rising from the ashes.

This is echoed in the Smart Money Index, that tracker of institutional whims. It surged during the rebound, then flattened, a sign of consolidation, not collapse. The wise buyers, it seems, wait for a better price, or a better trigger.

If VWAP holds and the index remains stable, the price may retest the highs near $0.059. A clean break would open new realms, with $0.080 and $0.092 as distant dreams.

The risk is clear: if VWAP falls and the index crumbles, selling pressure returns, and $0.034 becomes the first line of defense. A deeper loss would expose $0.020, where early struggles were etched.

For now, the price clings to its ground. Exchange selling, though heavy, is absorbed. As long as the wise ones remain bullish and VWAP stands, this rally is less a one-day spike and more a move seeking its next leg higher-a tale of hope, or perhaps, a cruel joke.

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2026-01-22 14:17