Surge in Solana Phone Sales Fuelled by BONK Arbitrage Rush

• Solana's Blockchain Smartphone, Saga, Sees Surging Demand
• 30 Million BONK Token Airdrop Fuels Demand
• BONK: Solana's Dog-Themed Coin Sparks Euphoria
• Saga's Discord Server Buzzes with Airdrop News

Solana's Blockchain Smartphone, Saga, Sees Surging Demand

The once underperforming Saga phone by Solana$104 5.03% is witnessing a remarkable surge in sales. This unexpected turnaround appears to be largely driven by the appeal of the meme-token BONK.

30 Million BONK Token Airdrop Fuels Demand

It appears that arbitrage traders are seeking to take advantage of a 30 million BONK token airdrop available to all Saga phone owners. At present values, this amount of BONK equates to nearly $700, significantly more than the phone's retail price of $599.

According to a midday tweet from Solana co-founder Raj Gokal, Saga phone sales have increased more than tenfold in the past 48 hours. The demand for the smartphone is so high that it is anticipated to sell out before the turn of the new year. In response to this surge, Gokal's counterpart, Anatoly Yakovenko, has suggested that they may need to increase the phone's pricing.

BONK: Solana's Dog-Themed Coin Sparks Euphoria

The increasing popularity of BONK, Solana's dog-themed answer to Dogecoin$0.091 -0.42%, has reinvigorated sales for Saga. Just a week ago, the blockchain-enabled smartphone was facing a bleak future due to lackluster sales. The Saga phone offers unique blockchain features, including secure crypto storage within the device's own hardware.

Saga's Discord Server Buzzes with Airdrop News

The Saga Discord server was abuzz with activity as new participants announced their recent acquisition of the phone, hoping to partake in the BONK airdrop.

The airdrop proves accessible to those who have downloaded the BONK app from Saga's specialized app store, tailored for crypto enthusiasts. A user named Jax, identifying themselves as a Solana Mobile employee, clarified how owning the phone physically allows users to mint a 'Genesis token' via the 'dApp store', which in turn qualifies them for the BONK airdrop. Jax also warned that the promotion would not last indefinitely, though no specific end date had been determined.

Edited by Jonathan Stoker