Seeker (SKR) debuts on Upbit with KRW, BTC, USDT pairs

What to Know:

• Upbit lists SKR with KRW, BTC, and USDT trading pairs.
• SKR now tradable on Upbit across KRW, BTC, and USDT markets.

Upbit has listed Seeker (SKR) with trading pairs in Korean won (KRW), Bitcoin (BTC), and Tether (USDT), according to Upbit’s listing notice. The addition places SKR directly in South Korea’s largest retail market while preserving access to crypto‑denominated liquidity.

Why this listing matters for liquidity, pricing, and access

KRW pairs typically concentrate domestic retail flow and can support tighter local spreads when volumes build, while BTC and USDT pairs help anchor price discovery against global crypto benchmarks. Fragmentation across three books is possible initially, so cross‑pair spreads and depth may vary until arbitrage normalizes flows.

South Korea’s compliance backdrop is tightening around listings, disclosures, and KYC/AML, which can shape liquidity onboarding and market conduct. According to The Block, policymakers have signaled stricter controls on domestic crypto listings that may raise the bar for ongoing transparency and governance (https://www.theblock.co/post/286616/south-korea-tighter-controls-crypto-listing).

Editorial note: Market structure also depends on a project’s issuance and incentive design. KuCoin’s news brief highlights SKR’s supply and incentive path, which informs how early liquidity might behave.

“KuCoin News Flash said SKR has a total supply of 10 billion and an initial 10% annual inflation that decays toward about 2%, with sizable allocations to airdrops and ecosystem growth” (https://www.kucoin.com/news/flash/solana-mobile-launches-skr-token-aims-to-build-open-mobile-ecosystem?utm_source=openai).

Large‑wallet activity can influence launch dynamics by absorbing sell pressure from airdrops, though outcomes depend on order‑book conditions. As reported by BeInCrypto, early trading data on other venues suggested bigger buyers were offsetting airdrop selling, a pattern markets will watch as KRW and coin‑margined books deepen (https://beincrypto.com/skr-price-200-percent-rally-buyers//?utm_source=openai).

At the time of this writing, SKR’s reference price was about $0.02740 with volatility flagged at 13.69% (Very High) and an RSI(14) near 42.03 (Neutral). These figures are contextual and can change quickly during price discovery.

Launch timing, deposits, and initial trading restrictions on Upbit

According to CoinCarp’s publication of the listing notice, deposits were scheduled to open roughly 1 hour and 30 minutes after the announcement, with SKR trading expected to begin on February 24 at 16:00 KST (https://www.coincarp.com/exchange/announcement/upbit-6037/?utm_source=openai). The notice also outlined early‑phase measures intended to stabilize the market at launch.

Initial trading restrictions commonly include buy‑side limits and constraints on certain order types to mitigate abnormal volatility. Such measures are typically phased out as order‑book depth improves and cross‑market pricing tightens.