Why does Solana's Seeker (SKR) now rely on airdrops to avoid a 17% price plunge?

According to CoinWorld, the growth momentum of Seeker has already faded after its launch, with the price dropping nearly 70% to around $0.024. Technical indicators show continued selling pressure: the Chaikin Money Flow remains negative, and a bearish RSI divergence also indicates weakening buying strength. On-chain data shows a lack of accumulation, with exchange balances increasing by 5.31%, while smart money holdings are declining, suggesting that demand for buying the dip is not apparent. With spot buyers absent, the recent trend of this token currently depends on whether short derivative positions will be closed to prevent further price declines.