Solana Mobile says daily SKR buybacks have burned 1.2 million tokens

The phone maker is using validator and wallet revenue to buy SKR on the open market and remove it from circulation every day Solana Mobile says it has burned 1.2 million SKR through daily buybacks. The purchases are funded by revenue its ecosystem generates. The program matters because it links SKR’s supply directly to how much the Solana Mobile ecosystem earns. More revenue means more buybacks. More buybacks mean fewer tokens in circulation. The SKR Buy and Burn Program started on October 15, 2026. On November 3, Solana Mobile confirmed the program was live and running.