Solana Saga Phones Sell Out Amid Bonk Memecoin Frenzy
The phones, previously struggling to find buyers, are now fetching up to $5,000 on eBay due to the free Bonk memecoin airdrop included with each device.
- Solana Saga phones, which previously had trouble finding buyers, have sold out, fetching prices as high as $5,000 on eBay due to a frenzy surrounding the free Bonk memecoin airdrop included with each phone.
- Bonk has surged nearly 800% in the last 30 days, gaining widespread popularity among memecoin enthusiasts and traders.
- To turn a profit from the $5,000 price tag, Bonk would need to grow a further 620% from its current value, commanding a total market cap of $8.68 billion, similar to Tron TRX/USD or Polkadot DOT/USD.
- Several Solana-based projects recently announced airdrops and financial incentives for device users, suggesting that phone buyers may not be solely betting on the price of Bonk.
- The DeFi protocol, Solend, confirmed in a Dec. 17 post that it would be working on an airdrop for Saga phone holders.