In a surprising turn of events, Solana’s web3-focused Android smartphone, Saga, is selling for five times the price of an Apple iPhone on eBay. The Saga phone, announced by Solana’s co-founder and CEO, Anatoly Yakovenko, in June 2022, has been a game-changer in the smartphone market, especially among crypto enthusiasts.
The Saga phone, which comes with 30 million Bonk tokens, has sold out in the US. The Bonk tokens that come with each phone were initially worth just a few dollars, but their value has skyrocketed, making them worth more than the phone itself. This has led to a surge in the phone’s sales, with traders seeing an upside in buying the phones.
The Saga phone is not just a typical Android phone. It is tightly integrated with the Solana blockchain, enabling the management of digital assets like tokens and NFTs. The phone also comes with the Solana Mobile Stack, a framework for Android that enables programmers to design engaging mobile interfaces for Solana wallets and applications.
Bonk Tokens Boost Saga Sales
Despite the high price, the demand for the Saga phone remains strong. The first 10,000 pre-orders are set to receive a limited-edition collection of NFTs from Solana with the phone. This has further fueled the demand, leading to the phone selling out in the US.
However, this sudden rush to buy the phones has not been primarily due to a desire to own the phone itself. The surge in the price of Bonk tokens has made the Saga phone an attractive investment. Over the last 24 hours, the price of Bonk dropped 7.4% to $0.00001958, according to data from CoinMarketCap.
While the Saga phone’s sales surge is a promising sign for Solana, it also presents a potential risk. If Bonk’s market value continues to decline from its present rate, it may result in a loss for the buyers. Despite this, the Saga phone continues to make waves in the smartphone market, outshining even the Apple iPhone in sales.
