The Solana Saga phone, previously struggling in the market, has experienced a remarkable resurgence in demand, thanks to the meteoric rise of the BONK meme coin.
- The Solana Saga phone, facing challenges in the market, has experienced a remarkable turnaround in demand.
- The surge is attributed to the explosive growth of the Solana-based BONK meme coin, which has risen over 10,000% in the last two months.
- Saga phones, initially priced at $1,000 and later reduced to $599, are now selling on Ebay for as much as $5,000.
- The success is linked to a 30 million BONK token airdrop with each new Saga phone, surpassing the phone’s cost amid BONK’s escalating value, leading to a sell-out on the official website.
Surging Demand for Solana Saga Phones
The Solana Saga phone, facing a lackluster market reception since its release earlier this year, has experienced an unexpected surge in demand, reversing its fortunes. This sudden turnaround is largely attributed to the extraordinary growth of the Solana-based BONK meme coin, which has witnessed an astounding surge of over 10,000% in the past two months.
GMM💜— GUY (@WEB_3_GUY) December 19, 2023
Solana #Saga Phone Interest Soars Following BONK Meme Coin Surge
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#Solana #BONK pic.twitter.com/2rgCha6DaV
Initially priced at $1,000 and later reduced to $599 due to disappointing sales, the Saga phone seemed to be grappling with an uncertain future. Solana founder Anatoly Yakovenko had openly acknowledged concerns about the phone’s market performance. However, the recent BONK phenomenon has transformed the narrative, turning Saga phones into a hot commodity.
BONK Airdrop Sparks Frenzy
Last week, a game-changing development occurred when it was revealed that every new Saga phone purchase included a 30 million BONK token airdrop.
As the value of BONK soared surpassing a remarkable 621% surge in the past month, the value of the airdrop alone exceeded the cost of the Saga phone. This revelation triggered an unexpected sell-out of Saga phones on the official website.
On secondary markets like Ebay, the demand for Saga phones has reached unprecedented levels, with units being sold for over $2,000 and some listings reaching an astonishing $5,000.
The unexpected surge in demand for Solana Saga phones, driven by the remarkable rise of the BONK meme coin, underscores the unpredictable nature of crypto markets.
With Saga phones now selling at remarkable premiums on secondary markets, the industry response with additional airdrop incentives further cements the device’s newfound popularity.