The World Goes BONKers For New Solana Web3 Phone

Solana Saga faced challenges meeting sales expectations initially but recently experienced a global sellout. Meme coin enthusiasts discovered that the flagship Web3 phone included a substantial amount of one of the most popular Shiba-Inu-themed tokens, BONK. As the meme coin gains momentum, traders are fervently pursuing the Web3 phone to capitalize on the surging demand. The Saga phone includes various complimentary items, such as free NFTs, merchandise, and more.

An insane price tag

Unexpectedly, Solana dropped a bombshell as the Saga phone sold out in the US, leaving only a few available in Europe. The spike in demand was surprising, given the revelation by Anatoly Yaovenko in early December that only 2,500 units were sold, significantly below the 50,000 target.

The sudden interest in the phone coincides with the explosive rise of BONK. Each Solana Saga phone includes 30 million BONK tokens, currently valued higher than the $599 price tag for the device itself. Recognizing this opportunity, traders are rushing to acquire the phone worldwide.

With escalating demand, the flagship Web3 phone is now reselling for up to ten times its original price on secondary marketplaces like eBay. Research indicates that the Solana Saga is attracting bids ranging up to a whopping $5,000, with reports of two phones selling at the higher end.

Unrealized success

The main reason for these high prices is the physical possession of the phone by sellers. Although online sales are depleted, traders must await the physical arrival of the phone to access and sell the free BONK tokens. Due to the infamous volatility associated with meme coins, prices can fluctuate significantly before the phone arrives.

Moreover, despite BONK experiencing an astonishing 800% surge in December, surpassing a market cap of $1.6 billion, it remains vulnerable to extreme volatility. It has already recorded a 20% decrease over a 24 hour period. Solana Saga initially distributed the 30 million BONK tokens through an airdrop in June.

In any case, BONK has been a significant success this year, attracting heightened demand due to its remarkable performance. Recognizing the long-term profit potential of the asset, traders are actively seeking the meme coin, leading to a global sellout of the phone as aforementioned.