Solana Mobile to Launch Successor to Saga Crypto Smartphone
Solana Mobile is set to release a new version of its Saga crypto smartphone, which has seen a surge in demand since late last year. The upcoming phone will have the same features as Saga, including a built-in crypto wallet, dapp store, and custom Android software. However, it will come with different hardware and a lower price tag. When Saga was initially launched, it was priced at $1,000 but later reduced to $599 due to slow sales. However, in December, the price of the Solana-based memecoin bonk skyrocketed, leading to increased interest in the phone. The limited stock of 20,000 phones sold out quickly in the U.S. and EU.
Saga Airdrop Hype Continues
The price of bonk tokens surged over 800% last month, reaching a peak on December 15 when the Saga phones sold out. However, the price has since fallen sharply by 60%. At its peak, the 30 million bonk tokens that came with Saga phones were valued at $1,140, exceeding the phone’s cost. But with the drop in bonk token price, their value has decreased to $420. Despite this decline, some Saga phones have been sold for as much as $5,000 on eBay. Secondary device sales are still attracting high bids due to anticipation of future airdrops for phone holders.
Hot Take: Solana Mobile Expands its Crypto Smartphone Lineup
Solana Mobile’s decision to launch a successor to its popular Saga crypto smartphone demonstrates its commitment to meeting the increasing demand for crypto-enabled devices. By offering similar features at a lower price point, Solana Mobile aims to attract more customers and capitalize on the hype surrounding airdrops and memecoins. While the initial sales of Saga were lackluster, the surge in interest following the bonk token price increase highlights the potential of integrating cryptocurrencies into smartphones. As the crypto market continues to evolve, Solana Mobile’s expansion into this space positions it well for future success.
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