The cat-themed airdrop for the upcoming Solana “Chapter 2” phone may just cover the cost of the device ahead of its tentative 2025 launch.
An airdrop of 5,199 newly released MANEKI tokens on April 24th and an airdrop of 37,600 MEW (Cat in a Dogs World) tokens on April 1st briefly covered Chapter 2’s pre-order costs on Thursday. According to Solana Floor, the two airdrops alone brought the device to $459, compared to the $450 it once cost.
MANEKI is up more than 10% in the last 24 hours, while MEW is down 3%, according to CoinGecko data. According to the Two Loot dashboard, the current MANEKI airdrop is worth $127.38 and the MEW is worth $214.78.
Combining the other three memecoin airdrops worth $43.45 (WUFFI, IQ50, and CWIF), the total Chapter 2 airdrop value is now $385.62.
MANEKI/USD price chart. Image: CoinGecko.
Solana Mobile released Chapter 2, a cheaper version of the sequel to its first cryptocurrency phone, Saga, in January, reaching 60,000 pre-orders in just one month, and is scheduled to be released in the first half of 2025. This means your Solana wallet address will be eligible for an airdrop before you receive your device.
The new phone will include the same features as the Saga, including a built-in cryptocurrency wallet, dapp store, and custom Android software, but will use different hardware.
cat vs dog
Similar to how a single dog-themed token, Bonk, previously covered the cost of the original Saga device, multiple cat-themed memecoins could soon cover the cost of Chapter 2 if their prices rise.
The initial price was $1,000, but due to poor sales, the price of the first Saga phone was reduced to $599. However, in December, the value of Bonk, a Solana-based memecoin, soared by more than 800%. Since each device contained 30 million BONK tokens, their combined value soon exceeded the value of the phones themselves.
This increase in value led to rapid sales of the company’s limited stock of 20,000 phones, with some orders being canceled and refunded due to stock shortages. According to reports, some of these phones were resold on eBay for up to $5,000.
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