The Solana Saga phone appears to have sold for $5,000 on eBay, more than eight times its retail price. This is after the device first sold out on the official website due to the craze to receive free Memecoin airdrops.
Two unopened basic phones recently sold for $5,000, or “best offer,” and another device sold for $3,316, or “best offer,” according to a Dec. 16 listing on online marketplace eBay.
An additional 20 units sold over the weekend for more than $2,000. That’s an increase of more than $1,400 from the original price tag of $599 on Solana Mobile’s website.
Each new Saga phone will receive a free airdrop of 30 million Bonk (BONK) tokens after the device launches on May 8. Last week, traders began to notice that Bonk’s price surge was making the free airdrops more valuable than the device itself. As a result, the phone was in “SOLD OUT” status as of December 16th.
Saga is sold out!
Words cannot describe how grateful I am for your support. We are nothing without this amazing community
The past few days will go down in our history, but we are looking forward to the future.
Please stay tuned ✨ pic.twitter.com/KJje8lBDLL
— Solana Mobile (@solanamobile) December 16, 2023
Buyers of these scalp Saga phones are confident that the price of memecoin will continue to rise even higher. Over the past 30 days, Bonk has surged nearly 800% as the token has gained significant traction among memecoin enthusiasts and opportunistic traders.
However, for traders to profit from the eye-popping $5,000 price tag, Bonk’s price would need to rise another 620% from its current value. This brings Bonk’s total market capitalization to $8.68 billion, making it similar in value to Tron (TRX) or Polkadot (DOT).
Related: As Degens scrambles for BONK, Solana phone sales soar.
However, it appears that phone buyers are not betting solely on Bonk’s price, as several Solana-based projects have recently announced airdrops and other financial incentives for device users.
In a December 17 post to X (formerly Twitter), the pseudonymous founder of the DeFi protocol, Solend confirmed that the team would be working on an airdrop for Saga phone holders.
In fact, solend is preparing an airdrop for saga owners https://t.co/1EnphaJV5J
— Luther | Solend (@0xrooter) December 16, 2023
There is also a fellow memecoin project called Samoyed Coin (SAMO). presentation They are planning to launch an airdrop for Saga holders, with more details “coming soon.”
Decentralized storage provider GenesysGo before November 15 presentation Users can mine native Shadow (SHDW) tokens through an application on Saga phones.
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