Solana’s Web3 Smartphone Sold Out as BONK Price Soars
Solana’s smartphone, Saga, which supports Web3 functionality, has sold out. The phone was first released in April and quickly gained popularity. One possible reason for the high demand is that purchasing the Saga phone came with a reward of free BONK tokens, the native cryptocurrency of the memecoin project Bonk. At the time of writing, Bonk has seen a massive 10,669% increase in price since the beginning of the fourth quarter.
The Saga phone originally had a price tag of $599 but was reduced to this price in August. However, due to its popularity and the added value of the free BONK tokens, resellers on eBay are now listing Sagas for prices ranging from $2,000 to $10,000. Solana Labs co-founder Anatoly Yakovenko has stated that the goal of the Saga phone is to improve the user experience and accessibility of Web3 technology.
Hot Take: Web3 Smartphone Sales Reflect Growing Interest in Crypto
The sold-out status of Solana’s Web3 smartphone demonstrates the increasing interest and demand for crypto-related products. By integrating crypto capabilities into a mobile device, Solana aims to make it easier for people to enter the world of cryptocurrencies. The inclusion of free BONK tokens as a reward for purchasing the phone further incentivized buyers. As cryptocurrencies continue to gain mainstream attention and adoption, innovative products like the Saga smartphone are likely to attract even more interest in the future.
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