Has the surge in Solana smartphone sales turned it into a lucrative airdrop tool? Bonus: $BONK token value exceeds phone retail price.

Solana Phone Sales Soar as $BONK Token Value Surges

The sales of Solana’s blockchain phone, Saga, have skyrocketed in the past few days, increasing nearly tenfold. The community attributes this surge to the highly valuable $BONK tokens, which are given for free to those who purchase the phone. The $BONK tokens are currently valued at over $1,000, even surpassing the phone’s retail price of $599. It is reported that the token price has surged by 750% in the past month.

Solana co-founder Raj Gokal announced on Twitter (now X) in the early morning today that the sales of Saga have grown over tenfold in the past 48 hours and are expected to be sold out by the end of this year or even within the next few days. Gokal also revealed that there are currently only 20,000 units of the phone in stock, which are quickly diminishing. There are no plans to provide more devices at the moment, although there may be future production.

Previously, Solana Phone Saga released its development news in June last year and opened for user purchases in May this year. However, due to seemingly unsatisfactory sales, the phone was discounted from its original price of $1,000 to $599 in August.

As the first phone product that can directly connect to the blockchain, its sales and adoption rate have always been the focus of the crypto community. Another co-founder, Anatoly Yakovenko, mentioned that only 2,200 units of Saga were sold last week, but it seems that the number has far exceeded that now.

Of course, the sudden surge in phone sales has led to speculation within the community. Many attribute it to the 30 million $BONK tokens that are randomly given with the phone, which are valued at nearly $1,100. However, the Saga phone itself is priced at only $599.

Coindesk pointed out that Saga’s Discord server saw a large influx of new members on Thursday, claiming to have just purchased the phone and hoping to receive the airdrop.

It is reported that $BONK is the largest native meme coin in the Solana ecosystem, and the official team plans to include it as one of the payment options in more related services.

Austin Federa, the strategic director of the Solana Foundation, joked that the real flip (not phone sales) is the value of the airdropped $BONK, which has already exceeded the purchase price of the phone itself.

Toly, another co-founder of Solana Labs, responded that Saga will need to increase its price.

According to TradingView data, $SOL is one of the best-performing cryptocurrencies this year, with a rise of over 500%. $BONK, on the other hand, has risen by 750% in the past 30 days and a staggering 15,800% in the past three months, reaching an unprecedented all-time high.

Therefore, the exaggerated surge of $BONK is attributed to the general rise in the Solana ecosystem and meme coin sector in the past two months.

At the same time, the token is set to be listed on multiple exchanges in the next few days, including the well-known US exchange Coinbase, South Korea’s top three exchange Coinone, Binance, and Crypto.com.

Anatoly Yakovenko, BONK, Raj Gokal, Solana.