• BTC/BUSD
    $59,079.25 2.50%
  • ETH/BUSD
    $2,977.82 1.16%
  • USDT/BUSD
    $1.00 0.13%
  • BNB/BUSD
    $561.79 1.39%
  • SOL/BUSD
    $138.23 7.50%

Solana Saga: Power-packed Android Phone for Crypto Traders with a Dash of Class

By

After a long period of sluggish sales, the Solana Saga smartphone suddenly became a “hot item” on the market. This remarkable transformation came from a memecoin.

The Solana Saga smartphone suddenly became a “hot item” because of a memecoin. Image: Blockworks

In a tweet, Solana co-founder Raj Gokal shared that Saga sales have increased 10x in the past 48 hours and could sell out before the new year. Just one week ago, the founder was still complaining that the company had only sold 2,200 units despite being on the shelves for over half a year.

This growth is so sudden that Gokal’s partner, Anatoly Yakovenko, had to tweet about the need to increase product prices.

The excitement surrounding Bonk, a dog meme coin created on Solana similar to Dogecoin, is turning the tables for Saga. The Saga Discord community is starting to buzz with a flurry of new users claiming they just bought the phone to receive the BONK airdrop. According to information from the memecoin project, the airdrop is only available to those who download the Bonk app from Saga’s app store.

Each Saga owner received an airdrop of around 30 million BONK. At the current price of 0.00002309 USD, these tokens are worth nearly 700 USD, still a steal compared to the 599 USD phone cost. Furthermore, BONK just hit a new all-time high after being listed on Coinbase yesterday.

The price of a Saga is $599 USD. The image was shared by a user on X.

After owning the phone, you can create a Genesis token through the dApp store to receive the BONK airdrop.

An individual self-identifying as an employee of Solana Mobile instructed:

A different user noted that the airdrop program is not infinite, and Bonk may close the token claim gate at any time.

Bonk was once a shocking name with a 50% airdrop of the total supply to Solana users. Despite its humble beginnings, Bonk quickly won the hearts of many users and the Solana ecosystem in general.

BONK price has increased by nearly 70% in the past 24 hours and is currently at the top of the CoinMarketCap top gainers list. Compared to a month ago, this memecoin has “taken off” by nearly 850%.

The price movement of BONK over the past 7 days as of 09:55 AM on December 15, 2023. Source: CoinMarketCap.

Saga is a blockchain-connected smartphone that comes with special features to securely store crypto on its dedicated hardware. At the time of its release, the retail price of a Saga was up to $1,000, with specifications including the Snapdragon 8+ Gen 1 processor, a 6.67-inch OLED display, 12GB of RAM, and 512GB of storage.

We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.

ABOUT THE AUTHOR

Tabitha Nyamburah
Journalist

Be the first to know about crypto news every day

Get crypto analysis, news and updates right to your inbox! Sign up here so you don't miss a single newsletter.