Saga phones are selling like hotcakes, with one phone selling on eBay for a staggering $5000, as the hype around the BONK token continues to fuel sales of the device.
Sales numbers of the Saga phone have picked up, with the current “floor” price of the phone hovering around the $2000 mark.
Saga Phone Selling For Record Prices
Solana’s Saga phones had disappointing sales numbers when they went up on sale. However, according to data from sites like eBay, the devices are selling out fast. The Saga phones are reportedly selling for a price of $2000. However, some Saga phones have sold for even more. Data from eBay has shown that two Saga phones reportedly sold for $5000, while another device sold for a price of $3361. These numbers are from sellers with devices in hand, while several other sellers are waiting for the phone to ship.
The recent interest in the devices is linked to the surging price of the BONK token. Each Saga phone comes with 30 million BONK tokens, which are currently worth far more than the Saga phone’s $599 price tag. Sensing an arbitrage opportunity, traders have begun scooping up the Saga phone, leading to the device’s demand skyrocketing. With demand rising, the Web3 phone is selling for nearly 10 times its original price on secondary markets such as eBay.
BONK’s Astonishing Surge
The BONK token saw an unprecedented surge after it was listed on several major cryptocurrency exchanges. The price increase began when Coinbase announced it was listing the meme token. However, the price took off after Binance announced it was also listing the token, generating considerable excitement among token holders. Binance stated,
“Binance will list Bonk (BONK) and open trading for these spot trading pairs at 2023-12-15 08:00 (UTC). In addition, Binance will add BONK as a new borrowable asset with this new margin pair on an Isolated Margin within 48 hours from 2023-12-15 08:00 (UTC).”
As a result, sales of Solana’s Saga phone, which came with an airdrop of the BONK token, began gathering steam, with the co-founder of Solana, Raj Gokal, stating,
“Just so everyone is aware, @solanamobile saga sales have > 10x’d in the past 48 hours and are now on track to sell out before the new year.”
Other Benefits
Solana’s Saga phone also comes with several other benefits besides the 30 million BONK tokens. These include free access to Helium mobile for a month, along with a free toy. Additionally, apps on Saga’s dApp store will also reward Saga phone users with special benefits and rewards.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2023/12/solanas-saga-phone-going-bonk-ers-selling-for-as-high-as-5000