The price of Saga, the Solana mobile phone, is more than $5,000 on the popular e-commerce platform eBay, as the move to earn BONK airdrop fuels a mind-blowing surge in price.
The Solana Mobile phone made its debut in April. Four months later, in August, the team behind the project reduced the retail price to $599. With the eBay listing price going as high as $5,403.17, Saga is now one of the most expensive phones in the market today.
Why the Solana Mobile Phone Hysteria?
At the core of the current Saga hysteria is the hope to get the BONK airdrop that comes with the phone at purchase. Based on the provisions, Saga owners get a free 30,000,000 BONK airdrop. At the current price of $0.0000199 per BONK, Saga owners get access to a total of $597 per device.
While this sum is small compared to the listing price of the phone, the potential of BONK to grow over time makes it a calculated bet for prospective buyers.
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BONK has impressed lately with its parabolic price growth. Having printed more than 13,000% since its emergence, Kyle Chassé, a prominent crypto community figure has tipped BONK to displace Shiba Inu (SHIB) shortly.
Already, BONK has outranked PEPE as the third largest memecoin by market capitalization after bagging Coinbase listing in the past week.
The appeal of Solana Mobile also extends beyond BONK as more Solana-based projects have uncovered plans to conduct an airdrop sometime in the future.
Some of these projects include DeFi protocol Solend, the memecoin Samoyed Coin (SAMO), and the decentralized storage platform GenesysGo, among others.
BONK in the Memecoin World
With BONK trending, the memecoin competition is notably heating up. After a cooling period following its launch, the Solana Mobile Phone officially sold out after BONK triggered interest with its campaign.
With the influence of BONK growing in the Solana ecosystem, chances are that it might chart a Shiba Inu-like effect on Ethereum in the long run in to close up the competition.
For now, the token boasts a market capitalization of $1,130,331,400 and a 9% jump in trading volume in the past 24 hours to $645,841,540.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Source: https://thecryptobasic.com/2023/12/18/solana-mobile-phone-sold-at-a-premium-price-of-5000-on-bonk-hysteria/?utm_source=rss&utm_medium=rss&utm_campaign=solana-mobile-phone-sold-at-a-premium-price-of-5000-on-bonk-hysteria