- Solana’s cryptocurrency phone Saga is sold out in the US market.
- Demand has surged due to the rise in BONK prices.
- Buyers of Saga phones will receive 30 million free BONK tokens.
The Solana Mobile team announced that its cryptocurrency Saga is officially sold out in the US, leaving only a handful of devices left in the European market due to the sudden drop in demand. Android phones were released last May.
Why is there so much hype and demand for Solana Saga?
On December 13, the price of Solana’s meme coin, BONK, soared to an all-time high after cryptocurrency exchange Coinbase announced support for trading. Binance also lists BONK as the meme coin craze reignites.
With the price of the meme coin rising, traders have stepped up to offer a free 30 million bonk airdrop to anyone who buys the phone, sending FOMO into a buying frenzy.
Solana has tried to make crypto phones affordable to as many people as possible by “limiting” sales to one device per household.
“We are here to share our Saga experience with everyone. Given the overwhelming response, we are limiting Saga purchases to one per household. This will allow more of our community to enjoy Saga.“They pointed out.
A few hours later, the Solana Mobile team Posted At X, Saga is “officially sold out” in the US market.
Wow, what a great day 🔥🔥🔥
Saga phones are officially sold out in the US! We sincerely thank everyone who participated in this trip ♥️
We still have a few left for our friends in Europe.
Please look forward to what comes next 🫡
— Solana Mobile 🌱 (@solanamobile) December 15, 2023
Mobile phone sales increased tenfold in 48 hours from unimaginable numbers. Solana co-founder Raj Gokal noted in a post to X early Friday that the phone was close to selling out. According to Gokal, there are less than 5,000 available (Europe only).
~5,000 Sagas left (Europe only)
Sold out in the US🫡 https://t.co/ma5ST8UDjP— Raj 🖤 (@rajgokal) December 15, 2023
BONK price rises
BONK’s rapid price rise has pushed the meme coin up nearly 100% in the last 24 hours and over 980% in the last 30 days.
According to Saga store details, the phone can be purchased for the low price of $599, down from the August price of $999.
At the price of $0.00002981 at the time of writing, the 30 million BONK on offer is equivalent to approximately $894. If Saga buyers had to cash out their airdropped BONKs in the last 48 hours, this would be a profit of over $290.