At current valuations, the free BONK token giveaway for Saga owners totals $877. This essentially turns the device into a “self-paying phone,” albeit temporarily.
Enthusiastic investors in meme coins have swiftly acquired Solana’s cryptocurrency-enabled phone. This surge in purchases is driven by a recent uptick in the value of the Solana meme coin Bonk (BONK). The coin has experienced a remarkable ascent, skyrocketing by over 1,100% in the past 30 days
Since the launch of the Solana phone on May 8, new owners have had the opportunity to claim a free 30 million BONK token airdrop. However, the recent surge in the token’s value has presented an intriguing arbitrage prospect for purchasers.
Solana Phone Sales Surge Amid BONK Token Boom
In a post on X (formerly Twitter) on December 15, Solana co-founder Raj Gokal highlighted a significant surge in Solana phone sales. He observed a surge in sales, with figures escalating by over tenfold in the past 48 hours. These heightened sales are anticipated to lead to a sell-out before the end of the year.
At present valuations, the 30 million BONK token airdrop holds an astonishing value of $877. This is $278 more than the existing $599 price tag of the Saga phone, establishing one of the more unconventional arbitrage opportunities for cryptocurrency enthusiasts.
Sales Surge, Price Consideration, and Community Enthusiasm
The significant surge in sales prompted Solana co-founder Anatoly Yakavenko to suggest contemplating a price hike for the Saga phone. This proposal comes after the phone’s price had been slashed from $999 to $599 in August due to declining sales.
A spokesperson from Solana has officially confirmed to Cointelegraph that total Saga sales have exceeded “millions of dollars worth” in the last 48 hours. The spokesperson expressed enthusiasm for the Solana community projects that are reshaping the Saga phone into a “phone that pays for itself.”
In response to the increased buying activity, Solana Mobile has announced a restriction on all future orders. This limitation will now allow only one mobile device per household.