{"id":26642,"date":"2023-12-15T06:17:32","date_gmt":"2023-12-15T06:17:32","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/solana-phone-sales-skyrocket-as-degens-scramble-for-pumped-up-bonk\/"},"modified":"2023-12-15T06:17:34","modified_gmt":"2023-12-15T06:17:34","slug":"solana-phone-sales-skyrocket-as-degens-scramble-for-pumped-up-bonk","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/solana-phone-sales-skyrocket-as-degens-scramble-for-pumped-up-bonk\/","title":{"rendered":"Solana phone sales skyrocket as degens scramble for pumped-up BONK"},"content":{"rendered":"
\n

Memecoin hopefuls have been snapping Solana\u2019s crypto phone in droves after a recent price hike for Solana memecoin Bonk (BONK), which has risen more than 1,100% in the last 30 days.\u00a0<\/p>\n

Since the Solana phone was launched on May 8 this year, new owners have been able to claim a free 30 million airdrop of the memecoin, but a recent rise in the token’s price has presented an interesting arbitrage opportunity for buyers. <\/p>\n

\u201cSolana phone sales have >10x’d in the past 48 hours, and are now on track to sell out before the new year,\u201d wrote Solana co-founder Raj Gokal in a Dec. 15 post to X (formerly Twitter).<\/p>\n

\n

lol. just so everyone is aware, @solanamobile<\/a> saga sales have >10x’d in the past 48 hours, and are now on track to sell out before the new year.https:\/\/t.co\/SzKht4DTYL<\/p>\n

\u2014 raj (@rajgokal) December 14, 2023<\/a><\/p><\/blockquote>\n

At current prices, the 30 million BONK airdrop is worth an astonishing $877 \u2014 $278 more than the current $599 price tag of the Saga phone \u2014 rendering it one of the more bizarre arbitrage opportunities available for crypto enthusiasts.\u00a0<\/p>\n

Bonk has posted an outsized gain of 1,100% in the last 30 days, per CoinGecko data. The recent price performance saw Bonk\u2019s market cap flip that of competitor memecoin Pepe. Memecoins are not often known for their stability.<\/p>\n

The uptick in sales was so strong that fellow Solana co-founder Anatoly Yakavenko suggested<\/a> raising the price of the Saga \u2014 which was slashed<\/a> from $999 to $599 in August following an onslaught of dwindling sales.<\/p>\n

Solana’s Saga phone has seen “millions of dollars worth” of sales in the past 24 hours. Source: Solana Mobile<\/em><\/figcaption><\/figure>\n

A Solana spokesperson confirmed with Cointelegraph that total Saga sales had topped \u201cmillions of dollars worth\u201d within the past 48 hours. \u201cVery cool to see Solana community projects making Saga the \u2018phone that pays for itself,\u2019\u201d the spokesperson added. <\/p>\n

Following the influx of buying activity, Solana Mobile announced that all future orders would be limited to one mobile device per household. <\/p>\n

\n

We\u2019re here to share the Saga experience with everyone. In light of the overwhelming response, we’re limiting Saga purchases to one per household. This ensures that more of our community can enjoy the Saga <\/p>\n

See you all in the discord!<\/p>\n

\u2014 Solana Mobile (@solanamobile) December 15, 2023<\/a><\/p><\/blockquote>\n

The frenzy of sales stands as a turning point for the long-struggling device. <\/p>\n

Related: <\/em><\/strong>VanEck predicts a 10,600% Solana price rally by 2030<\/em><\/strong><\/p>\n

On Dec. 5, Yakovenko appeared on Laura Shin\u2019s Unchained Podcast to discuss the lackluster performance of the Saga phone, saying he hadn\u2019t seen a \u201cton of signal\u201d that the device could eventually sell 50,000 units in total.<\/p>\n

Additionally, he admitted that he doesn\u2019t use his Solana Saga as his primary mobile device, preferring to use it as his \u201cNFT phone.\u201d<\/p>\n