The Solana Saga Phone Sells Out Due to Bonk Crypto Frenzy
After months of moderate sales, the Solana Saga phone has reached “SOLD OUT” status. The frenzy surrounding the free airdrop of memecoin and crypto Bonk has led to a depletion of devices on the official website. Recently, a Solana Saga phone sold for an incredible $5,000 on eBay, surpassing its original retail cost by over eight times. On December 16th, two sealed phones were sold for $5,000 and $3,316, while another twenty devices were purchased for over $2,000 each. The Saga phone was launched in May alongside a free airdrop of 30 million Bonk tokens. The increase in Bonk prices has made the airdrop more valuable than the device itself.
The Rise of Bonk and Opportunities for Phone Owners
In the past 30 days, Bonk has grown by almost 800%, attracting memecoin enthusiasts and traders. In order for Bonk’s price to reach $5,000, it would need to increase by 620% and have a market capitalization comparable to Tron or Polkadot. However, buyers of the Saga phone are not only focused on Bonk’s price. Several Solana projects have promised airdrops and incentives for device holders. The founder of Solena confirmed an airdrop for Saga phone owners, and the Samoyed Coin memecoin project announced an upcoming airdrop as well. GenesysGo also offers the opportunity to extract its native Shadow token through an application on the Saga phone.
The Decline of BONK and Christmas Event
The Solana meme coin, BONK, is experiencing a significant correction after its eclectic growth. Currently priced at about $0.00002116, it has shown a modest recovery of 1.06% in the last 24 hours. Despite this, BONK has announced its Christmas event, offering various activities for users to participate in and obtain rewards during the holidays. These activities include purchasing within Silicon Valley Bonk, depositing SOL in BONKbot, and interacting with BONK Swap. Users can also download the BONK dApp on the Solana Saga phone and participate in games to receive free BONK tokens. Despite recent sales, BONK has presented growth opportunities throughout the year.
Hot Take: The Solana Saga Phone Sells Out Amidst Bonk Frenzy
The Solana Saga phone has become a hot commodity in the crypto world due to the frenzy surrounding the free airdrop of Bonk tokens. This has led to the phone selling out completely and even reaching prices as high as $5,000 on eBay. Buyers of the Saga phone are not only interested in Bonk’s price but also in other airdrops and incentives offered by Solana projects. Despite a recent decline in the price of BONK, the meme coin continues to present growth opportunities for its supporters. With its Christmas event and various activities, BONK aims to expand its utility and generate excitement within the meme coin ecosystem.
By
By
By
By