- Demand for Solana Saga continues to rise as BONK takes flight.
- Solana’s flagship phone is now reselling for up to ten times its original price on secondary marketplaces.
- Traders are going BONKers trying to get their hands on Solana’s leading Shiba Inu-themed memecoin.
Solana Saga, despite initially struggling to reach sales expectations, recently sold out in major parts of the world after memecoin traders found out the flagship web3 phone came with a generous bag of one of the hottest Shiba-Inu-themed tokens in the market right now, BONK.
As Solana’s inaugural memecoin takes flight, traders are going BONKers trying to get their hands on the web3 phone, allowing owners to capitalize on the rising demand.
Solana Saga’s BONKers Price Tag
Solana recently dropped an unexpected bombshell as the Saga phone sold out in the US, leaving only a few up for grabs in Europe. The sudden burst in demand came as a surprise, considering co-founder Anatoly Yaovenko revealed in early December that their flagship phone struggled with sales, selling only 2,500 units and falling massively short of the 50,000 target.
Sponsored
The newfound interest in the phone aligns with the explosive rise of Solana’s leading Shiba Inu-themed memecoin, BONK. Each Solana Saga phone comes bundled with 30 million BONK tokens, currently worth more than the phone’s $599 price tag. Spotting this opportunity, traders are racing to snatch up the phone from every shelf in the world.
As demand for the phone rises, the flagship Web3 phone is now reselling for up to ten times its original price on secondary marketplaces like eBay. Upon research, the Solana Saga is fetching bids between $2000 and $5000, with reports suggesting two phones were sold at the higher end of that spectrum.
The primary reason for the high prices is that sellers physically possess the phone. Although the phones have been sold out online, to access the free BONK tokens, traders must wait for the physical arrival of the phone to claim and sell them. Due to the volatility of memecoins, prices can fluctuate significantly before the phone arrives.
Sponsored
While Solana’s inaugural memecoin has experienced an astounding 800% surge in December, reaching a market cap exceeding $1.6 billion, it remains susceptible to volatility. At the time of writing, BONK traded at $0.0000229 and was down 20% over the past 24 hours.
On the Flipside
- The Solana Saga initially offered the 30 million BONK tokens through an airdrop in June. The tokens were worth only $10 at the time.
- The Saga phone comes bundled with several freebies, including free NFTs, merch, and more.
Why This Matters
BONK has been a huge hit this year, generating heightened demand among market participants thanks to its historic performance. Recognizing the long-term profit potential of the asset, traders are making concerted efforts to get their hands on the memecoin, such as selling out the phone worldwide.
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