Solana phones are sold out in the US as traders find arbitrage in Bonk’s soaring prices.

On December 5, Solana Labs co-founder Anatoly Yakovenko lamented the lack of sales of the company’s Saga phones on the Unchained podcast.

Currently, the Saga phones are completely sold out in the US and there are reportedly only a few phones left in Europe. Official X Account. The company is now Limit new orders One per household.

However, the sudden urge to buy a cell phone is not only due to the desire to own the phone itself.

“They want to buy a Solana mobile phone. because Bonk

+93.65%
Allocations will soon be worth more than phones.” Posted The Block’s head of research, Steven Zheng, commented yesterday on

He’s not wrong. According to The Block’s Bonk price page, in the last 24 hours the price of bonk has increased 135%, from $0.000014 to a high of $0.000033. The token has recently seen a parabolic rise of 600% from early December to its current price.

Each Solana phone comes with 30 million Bonk tokens. Although the phone was only worth a few dollars when it was first released, a token of that amount was recently worth an all-time high of $990. This compares to the phone costing just $599.

In other words, it is a dangerous action. The phone must physically arrive for the recipient to receive the tokens and be able to sell them. If the bonk price falls further than the current price, the recipient may incur a loss, excluding the price of the phone.

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