Solana Saga Phones Sell for $5,000 on eBay After Memecoin Airdrop Frenzy
A frenzy to pick up a free memecoin airdrop caused Solana Saga phones to sell out on the official website, leading to scalping on eBay. Recently, two unopened phones sold for as much as $5,000 each, while another device was sold for $3,316. Over the weekend, an additional 20 devices were sold for over $2,000, marking a significant markup from the original $599 price tag.
Buyers Betting on Bonk Price Appreciation
Buyers of these scalped Saga phones are likely betting on the further appreciation of Bonk, the associated memecoin. However, for buyers to profit from the high price tag, Bonk would need to grow another 620% in value. This would give Bonk a market cap similar to Tron or Polkadot.
Airdrops and Incentives for Saga Phone Holders
The buyers may not solely be betting on Bonk’s price; several Solana-based projects have announced airdrops and financial incentives for Saga phone users. Solend confirmed that they are working on an airdrop for Saga phone holders, while Samoyed Coin also announced an upcoming airdrop. GenesysGo had previously announced that users could mine its native Shadow token using the Saga phone.
Hot Take: Will the Saga Phone Scalping Trend Continue?
The recent surge in prices for Solana Saga phones on eBay raises questions about whether this scalping trend will continue. As long as memecoins like Bonk maintain their popularity and offer attractive incentives for Saga phone holders, there may be continued demand and high resale prices for these devices. Traders and opportunistic buyers will closely watch the memecoin market and the announcements of airdrops and incentives from Solana-based projects to gauge the potential profitability of investing in Saga phones.
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