Solana Saga phone sells for $5,000 on eBay as BONK hype continues

The Block2023/12/17 20:02

By:The Block

Quick Take A Solana Saga phone sold for $5,000 on eBay today, with the “floor” price of the phone hovering around $2,000, as hype around BONK and potential future airdrops continues. Owners of Solana’s phone can claim a token that entitles them to airdrops including a free airdrop of the BONK meme coin.

Solana SOL -0.65% Saga phones, which initially put up disappointing sales numbers, are currently reselling on platforms such as eBay for over $2,000, completed listings show.

Some phones have sold for even more; yesterday, two phones reportedly sold for $5,000, while another phone sold today for $3,361. Those sellers had the device in hand, while many other sellers appear to be waiting on the phone to ship.

The phones sold out rapidly in recent days as traders spotted an arbitrage : the phone came with 30 million BONK +3.94% tokens, a Solana-based meme coin. As BONK's price rapidly rose, that airdrop became worth more than the phone itself, leading to the phone's skyrocketing demand.

The Saga phone comes with a number of other benefits , including a free month of access to Helium HNT +1.91% Mobile and a free toy, while apps on Saga's dApp Store will be able to reward Saga holders with other special benefits and rewards.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.