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It is possible that a meme token with a dog motif has suddenly rejuvenated sales of Solana's Saga phone. Some of these tokens are currently selling for as much as $5,000, despite the fact that the makers of the phone had previously branded it a "failure."
According to the statistics provided by the website, many Saga phones that were sold on the internet marketplace eBay (EBAY) were sold for more than $2,000 each. The vast majority of these mobile devices are described as "sealed and unopened," and the majority of their vendors are located in the United States.
An previous story from The Block stated that a single phone was sold for a price as high as $5,000.
As a result of the fact that some arbitrage traders looked to be pursuing a 30 million BONK token airdrop that was delivered to every phone user, sales of Solana Saga phones increased over the previous week. A phone that costs $599 was eligible for the airdrop, which had a value of more than $700 at its peak last week.
In the beginning of November, the dog-themed $BONK saw a surge in popularity among blockchain users, with its value increasing by as much as 110% in a single twenty-four hour period and extending its gains to over 700% over the course of thirty days.
Due to the Saga phone's low sales, which had previously caused concern over its future, this appears to have improved the phone's prospects.
An interview conducted at the time revealed that the inventor of Solana, Anatoly Yakovenko, stated, "We haven't seen a ton of signal whether that's a compelling enough thing to sell 50,000 units." According to my estimation, 25,000 to 50,000 units are required for developers to feel as though there is a dedicated user base in order for them to feel obliged to ship applications.
Earlier this year, the phone was made available for purchase for the first time, and in August, its price was reduced from $1,000 to $599.
As of last Friday, Raj Gokal, co-founder of Solana, stated that Saga has been completely sold out in both the United States and the European Union.
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