Solana Mobile Launches SKR Buyback and Burn Program, Having Burned 1.2 Million SKR to Date. Solana Mobile announced on its X platform that its SKR buyback and burn program has been launched. The program, which began operating on October 15, 2026, has already burned 1.2 million SKR. Solana Mobile transfers a portion of its revenue to a dedicated buyback and burn wallet, purchases SKR on the open market through a series of on-chain buy orders, and burns the purchased SKR on-chain. Solana Mobile stated that the funding sources include Solana Mobile validators, exchanges from Seed Vault wallets, and USDC Earn Vault. Since the launch of Seeker, a portion of the revenue from these sources has been allocated to buybacks and burns. No returns are paid to SKR holders or stakers during the buyback and burn process; staking rewards remain unchanged. All buybacks and burns are conducted on-chain.