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BONK's Surge Send Prices of Solana Saga Phone Flying to $2K
The sealed and unopened phone boxes contain an airdrop of 30 million bonk tokens, which has seemingly revived dismal Saga sales.
Updated Mar 9, 2024, 2:16 a.m. Published Dec 18, 2023, 7:31 a.m.
A dog-themed meme token may have just resurrected sales of Solana’s Saga phone – with some now selling for as much as $5,000 after earlier being deemed a “failure” by its makers.
Several Saga phones on online marketplace eBay (EBAY) have been sold for upward of $2,000 apiece, site data shows. Most of these phones are listed as “sealed and unopened,” and their sellers are predominately from the U.S.
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One phone was sold for as high as $5,000, The Block earlier reported.
Sales of Solana Saga phones picked up last week as some arbitrage traders appeared to be chasing a 30 million BONK token airdrop given to every phone owner. The airdrop was worth over $700 at peak last week – for a phone that costs $599.
Earlier in November, the dog-themed BONK gained rapid popularity among blockchain users, spiking as much as 110% during one 24-hour period and extending 30-day gains to over 700%.
That seemingly lifted the fortunes of the Saga phone, whose disappointing sales prompted uncertainty about its future previously
“We haven’t seen a ton of signal whether that’s a compelling enough thing to sell 50,000 units,” Solana founder Anatoly Yakovenko said during an interview at the time. “I think 25,000 to 50,000 units to feel like there is a hardcore user base for developers to be compelled to ship applications.”
The phone first went on sale earlier this year, and in August, its price was cut to $599 from $1,000.
Saga has since sold out in the U.S. and European Union, Solana co-founder Raj Gokal posted last Friday.
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