Fueled by the explosive growth of the BONK meme coin, the Solana Saga phone’s market interest has soared, with units selling for up to $5,000 on Ebay, far exceeding its reduced price of $599
Saga Phone Resurgence: BONK’s Rise Turns Solana Device Into Hot Commodity
The Solana Saga phone, once struggling to find its market, has seen its fortunes reversed this week, with units selling for as much as $5,000 on Ebay, a staggering increase from its discounted price earlier this summer. This dramatic shift in demand is primarily attributed to the explosive rise of the Solana-based meme coin, BONK, which experienced more than a 10,000% surge in the past two months.
The Saga phone, initially released earlier this year with a price tag of $1,000 and later reduced to $599, had faced disappointing sales and an uncertain future. Solana founder Anatoly Yakovenko had previously admitted that Saga’s disappointing sales figures had put Saga’s future into question. However, the recent frenzy around BONK, a dog-themed meme token, has changed the narrative.
Last week, traders and enthusiasts took notice of a 30 million BONK token airdrop included with every new Saga phone. As BONK’s price skyrocketed, reaching a peak surge of over 621% over the past month, the value of the airdrop surpassed the cost of the phone, leading to an unexpected sell-out of the Saga phones on the official website.
The Saga is SOLD OUT!
Words cannot describe how much we appreciate your support. We are nothing without this amazing community
While these past few days will be cemented in our history, we’re excited for the future
Stay tuned
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— Solana Mobile
(@solanamobile) December 16, 2023
On Ebay, several Saga phones have been sold for over $2,000, with some listings reaching as high as $5,000. This demand spike is a clear indication of the market’s response to the rising value of BONK and the potential for further appreciation. Buyers appear to be betting on the continued upward trajectory of the meme coin, hoping that its value will climb even higher.
The BONK phenomenon has already attracted the attention of other Solana-based projects. Solend, a decentralized finance protocol, and Samoyed Coin, another meme token, announced plans for airdrops to Saga phone holders, further incentivizing ownership.
With Saga’s recent success, will there be a follow-up phone in the future? Share your thoughts and opinions about this subject in the comments section below.
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