- The BONK meme coin on Solana has surged in popularity recently, causing an unexpected demand for the Solana Saga phone which originally sold poorly.
- Saga phones are now consistently reselling for over $2,000 on eBay, with some selling for up to $5,000 each amid the BONK coin frenzy.
- The demand is driven by the Saga phone airdrop of 30 million BONK tokens per device, whose value now far exceeds the phone’s cost due to BONK’s 640% price increase in the past month.
The recent surge in popularity of the BONK meme coin on Solana has created an unexpected demand for the Solana Saga phone. Originally criticized for lackluster sales, the Saga phones are now consistently reselling for over $2,000 on eBay, with some fetching up to $5,000 each amid the meme coin mania.
BONK Coin Price Surge
The BONK meme coin built on the Solana blockchain has seen its value skyrocket in recent weeks. At the time of writing, the coin price was up 68% over the past 7 days and an impressive 640% over the past 30 days, trading at $0.000001987. BONK is currently ranked #55 among cryptocurrencies on CoinGecko.
Saga Phones Resell for Thousands
The initial purchase of each Saga phone included a generous airdrop of 30 million BONK tokens. As BONK’s value has far exceeded the phone’s cost, demand for the devices has surged. On Saturday, two Saga phones sold for $5,000 each on eBay. Another fetched $3,361 on Sunday, despite resellers not yet having the device in hand.
Additional Perks Boost Appeal
Beyond the BONK airdrop, the Saga phone offers a free month of Helium Mobile access and a free toy. The Saga’s dApp store also provides exclusive rewards and benefits to holders, making the phones more enticing amid the BONK frenzy. With BONK’s growth showing no signs of slowing, the phones are likely to remain hot sellers for the foreseeable future.
Conclusion
The Solana Saga phone has gone from obscure device to highly coveted asset almost overnight thanks to the meteoric rise of the BONK meme coin. As traders seek to capitalize on the token airdrop, the phone’s price on secondary markets continues to reach new highs. It remains to be seen whether the demand will persist if BONK’s epic run cools off. For now, the Saga is the unexpected beneficiary of the latest crypto meme coin craze.
