Solana Saga Phones Resell for Thousands Amid BONK Craze
During the BONK meme coin frenzy, Solana Saga phones have become unexpected stars on the resale market. Initially priced lower, these phones are now consistently reselling for over $2,000. In fact, one device reportedly fetched a staggering $5,000 on eBay.
The surge in demand reached new heights on Saturday when two phones exchanged hands for an impressive $5,000 each. On Sunday, another phone commanded a price of $3,361. Interestingly, these sales were completed by sellers who already possessed the device, while others are waiting for their phones to ship.
Arbitrage Opportunity and BONK Airdrop
The sudden surge in popularity of Solana Saga phones can be attributed to an arbitrage opportunity noticed by traders. Each Saga phone purchase originally included a generous airdrop of 30 million BONK tokens, a hot meme coin built on the Solana blockchain. As the value of BONK has escalated, surpassing the initial cost of the phone itself, a fervor for the Solana Saga phones ensued.
At the time of writing, the price of the BONK meme coin was up 68% in the past seven days and up close to 640% on a 30-day basis, trading at $0.00001987. The coin is ranked number 55 on CoinGecko’s ranking of the most valuable cryptocurrencies.
Additional Perks and Rewards
Besides getting access to the BONK airdrop, the Saga phone offers additional perks. This includes a complimentary month of access to Helium Mobile and a free toy. Furthermore, the phone’s decentralized app (dApp) Store features apps that reward Saga holders with exclusive benefits and rewards, making it even more appealing to crypto enthusiasts.
Hot Take: Solana Saga Phone’s Surprising Value
In the midst of the BONK meme coin frenzy, Solana Saga phones have become unexpected stars on the resale market, commanding prices of over $2,000 and even reaching a staggering $5,000 on eBay. This surge in popularity can be attributed to an arbitrage opportunity noticed by traders, as each phone purchase originally included a generous airdrop of 30 million BONK tokens. With the value of BONK surpassing the cost of the phone itself, the demand for Solana Saga phones has skyrocketed. Beyond the airdrop, these phones offer additional perks and rewards, further enhancing their appeal in the crypto community.
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