Solana Saga Phone Interest Soars Following BONK Meme Coin Surge

Fueled by the explosive development of the BONK meme coin, the Solana Saga cellphone’s market curiosity has soared, with models promoting for as much as $5,000 on Ebay, far exceeding its lowered worth of $599

Saga Phone Resurgence: BONK’s Rise Turns Solana Device Into Hot Commodity

The Solana Saga cellphone, as soon as struggling to seek out its market, has seen its fortunes reversed this week, with models promoting for as much as $5,000 on Ebay, a staggering enhance from its discounted worth earlier this summer season. This dramatic shift in demand is primarily attributed to the explosive rise of the Solana-based meme coin, BONK, which skilled greater than a ten,000% surge previously two months.

The Saga cellphone, initially released earlier this year with a price tag of $1,000 and later lowered to $599, had confronted disappointing gross sales and an unsure future. Solana founder Anatoly Yakovenko had beforehand admitted that Saga’s disappointing gross sales figures had put Saga’s future into query. However, the current frenzy round BONK, a dog-themed meme token, has modified the narrative.

Last week, merchants and fanatics took discover of a 30 million BONK token airdrop included with each new Saga cellphone. As BONK’s worth skyrocketed, reaching a peak surge of over 621% over the previous month, the worth of the airdrop surpassed the price of the cellphone, resulting in an sudden sell-out of the Saga telephones on the official web site.

The Saga is SOLD OUT!

Words can’t describe how a lot we admire your assist. We are nothing with out this wonderful group

While these previous few days can be cemented in our historical past, we’re excited for the long run

Stay tuned pic.twitter.com/KJje8lBDLL

— Solana Mobile (@solanamobile) December 16, 2023

On Ebay, a number of Saga telephones have been offered for over $2,000, with some listings reaching as excessive as $5,000. This demand spike is a transparent indication of the market’s response to the rising worth of BONK and the potential for additional appreciation. Buyers seem like betting on the continued upward trajectory of the meme coin, hoping that its worth will climb even larger.

The BONK phenomenon has already attracted the eye of different Solana-based tasks. Solend, a decentralized finance protocol, and Samoyed Coin, one other meme token, introduced plans for airdrops to Saga cellphone holders, additional incentivizing possession.

With Saga’s current success, will there be a follow-up cellphone sooner or later? Share your ideas and opinions about this topic within the feedback part beneath.