Solana Mobile Launches SKR Buyback and Burn Program, Totaling 1,200,000 SKR Burned

Solana Mobile announced on the X platform that the SKR buyback and burn program is now live. The program will run from October 15, 2026, and has already burned a total of 1,200,000 SKR. Solana Mobile will transfer part of its revenue to a dedicated buyback and burn wallet, purchasing SKR on the open market through on-chain buy orders, and will burn the purchased SKR on-chain. Funding sources 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 used for buybacks and burns. The buyback and burn 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.

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