Solana brush
+2.18%
CoinDesk reports that Mobile is planning to launch a successor to its Saga cryptocurrency smartphone to meet the surge in demand since late last year, according to people familiar with the matter.
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 and offer the device at a cheaper price, the sources said.
The price of the Saga phone was $1,000 at launch, but was later reduced to $599 after the device initially struggled to gain traction. In December, the price of the Solana-based memecoin bonk suddenly went parabolic, presenting an arbitrage opportunity when the device came with 30 million tokens. The company’s limited stock of 20,000 phones sold out immediately in the US and EU, and some orders were canceled and refunded due to inventory issues.
Saga airdrop hype continues
Bonk 
Bonk
-0.97%
It soared more than 800% from $0.0000038 last month to a high of $0.000035 on December 15, the day the phone was sold out. However, bonk has since fallen sharply, falling 60% to its current price of $0.000014. This is The Block’s price page.
BONK/USD price chart. Image: Block/TradingView.
At its peak, the 30 million bonk tokens that came with the Saga phone were valued at $1,140, 90% more than the $599 price of the device, despite being worth just a few dollars when the device was first released. However, the price of the Bonk token has since fallen, and its current value has reached $420, which is less than the price of a mobile phone.
Despite the decline, at least two Saga phones have reportedly been sold on eBay for up to $5,000, and as the hype surrounding a potential airdrop for phone owners continues, sales of the companion device are still attracting bids as high as $3,200. there is.
Solana Mobile did not respond to The Block’s request for comment.
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