The Solana Mobile Saga cellphone, launched earlier this 12 months, has not too long ago skilled an surprising surge in gross sales owing to a novel arbitrage alternative within the crypto world. Consumers of the Saga cellphone had been entitled to a 30 million BONK token airdrop with every system. With the current spike in BONK’s value, these tokens at the moment are valued at a powerful $877, surpassing the cellphone’s value of $599.
Surge in Sales On account of BONK Airdrop
This surge in worth has created a rush amongst crypto fans, resulting in a 10-fold enhance in Solana cellphone gross sales over the previous two days. The surprising rise within the worth of the BONK tokens, now exceeding the price of the cell phone itself, has drawn important curiosity from the crypto neighborhood.
In a put up, Raj Gokal, Solana’s core developer and co-founder, shared that Saga’s gross sales have skyrocketed, predicting the cellphone will promote out earlier than the brand new 12 months. This sudden rush is basically attributed to what the crypto neighborhood phrases “degens” – those that are eager to take dangers and capitalize on fast good points.
The Solana Cell Phone
The crypto world adjustments quick, because the state of affairs for the Solana-supported Saga cellphone dramatically modified inside only a week. After debuting lower than a 12 months and a half in the past, the venture was present process inner overview as a consequence of disappointing gross sales.
The Solana Cell Phone, Saga, includes a 6.67-inch OLED show and is supplied with 512GB of storage and 12GB of RAM. These specs point out its capability for storage and reminiscence throughout the smartphone market.
The Saga operates on Android 13 and is built-in with the Solana blockchain, facilitating entry to decentralized purposes and companies. The cellphone features a characteristic referred to as Seed Vault, designed to safe customers’ personal keys. Moreover, the cellphone is developed with a concentrate on consumer interface design, aiming to cater to a variety of customers, together with these new to Web3 applied sciences.
Earlier makes an attempt by main manufacturers like Samsung, HTC, and smaller firms to launch crypto telephones have typically but to achieve success. The present development in the direction of software-driven Web3 telephones additional casts doubt on the need of Solana’s hardware-centric technique for the Saga.
