Solana phone sold out in the US amid BONK-driven demand

Solana phone sold out in the US amid BONK-driven demand

By Benson Toti - min read
  • Solana’s crypto phone Saga is sold out for the US market.
  • Demand has surged amid BONK price gains.
  • Buyers of the Saga phone get 30 million free BONK tokens.

The Solana Mobile team has announced that its crypto phone Saga is officially sold out in the US, with only a few of these suddenly indemand devices left for the European market. The Android phone was launched in May.

Why is Solana Saga seeing this much hype and demand?

On December 13, the price of BONK, a meme coin on Solana, skyrocketed to a new all-time high as crypto exchange Coinbase announced trading support. Binance is also listing BONK as the meme coin craze catches on again.

Amid the meme coin’s price hike, traders out to benefit from a free 30 million bonk airdrop for anyone purchasing the phone, FOMO’ed into frenzied buying.

Solana tried to make it possible for as many people as possible to buy its crypto phone by “limiting” sales to one device per household.

We’re here to share the Saga experience with everyone. In light of the overwhelming response, we’re limiting Saga purchases to one per household. This ensures that more of our community can enjoy the Saga,” they noted.

A few hours later, the Solana Mobile team posted on X that Saga was “officially sold out” for the US market.

The phone’s sales went from unfancied numbers to tenfold figures in 48 hours. Solana co-founder Raj Gokal noted in a post on X early Friday that the phone was on the verge of being sold out. According to Gokal, less than 5,000 are available (only for Europe).

BONK price gains

BONK’s meteoric price gains have the meme coin nearly 100% up in the past 24 hours and over 980% in the past 30 days.

According to details on the Saga store, the phone is available at a low price of $599, down from the price tag of $999 in August.

With prices at $0.00002981 as of writing, the 30 million BONK on offer translates to about $894. That would be a profit of over $290 if a Saga buyer in the past 48 hours had to cash in on their airdropped BONK.