Solana (SOL) Price Surges 6% Past $75 As Saga Phones ‘Sold Out’ In the US

Solana has experienced a robust resurgence. As of the latest update, the Solana (SOL) price has surged by 8%, reaching $78.04, accompanied by a market capitalization of $33.4 billion.

Solana Sells Out Saga Phones in the US

In a thrilling development, Solana Mobile announces the complete sell-out of Saga phones in the United States. The company expressed heartfelt gratitude to everyone who contributed to this remarkable journey, highlighting the overwhelming support received.

While the Saga phones have reached their limit in the US, Solana Mobile reassures its European audience that there are still a few units available for purchase. This success marks a significant milestone for Solana Mobile, showcasing the strong demand and positive response from users.

Solana’s memecoin, Bonk (BONK), has witnessed an extraordinary surge of over 1,100% in the past month, prompting a flurry of activity among crypto enthusiasts. Since the launch of the Solana phone on May 8, owners have been eligible for a free 30 million BONK airdrop.

The recent surge in BONK’s value has created an intriguing arbitrage opportunity, with the airdrop now valued at an astonishing $877, surpassing the phone’s current price of $599. This unexpected arbitrage phenomenon adds a unique twist to the volatile world of memecoins.

Solana co-founder Anatoly Yakavenko even suggested a price increase for the Solana Saga phone due to the heightened demand for Bonk. Earlier this month during a podcast appearance, Yakovenko acknowledged the Saga’s struggles in the market and revealed his personal use of the device as an “NFT phone,” not as his primary mobile device. Besides, he also talked about launching more Saga phone models.

The SOL Price Rally to Continue

The Solana (SOL) price has been on a mega rally since mid-October and has gained nearly 300% in the last two months. In today’s rally, the SOL price has shot past the crucial resistance of $75.

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.