Solana Mobile launched the SKR buyback and burn plan, having destroyed a total of 1.2 million SKR

Solana Mobile posted on platform X that the SKR buyback and burn plan has been launched. This plan will operate from October 15, 2026, and has already burned a total of 1.2 million SKR. Solana Mobile will transfer part of its revenue to a dedicated buyback and burn wallet, purchasing SKR on the open market through a series of on-chain buy orders, and will burn the purchased SKR on-chain.

Solana Mobile stated that the sources of funds include Solana Mobile validators, exchanges from the Seed Vault wallet, and USDC Earn Vault. Since the launch of Seeker, part of the revenue from these sources will be allocated for buybacks and burns. The buybacks and burns will not pay any returns to SKR holders or stakers, and staking rewards will remain unchanged. All buybacks and burns will be conducted on-chain.