Recently, the first Web3 mobile phone Saga released by Solana Labs in May this year was sold out in the US market, leaving only stocks in Europe. Its price even exceeded that of iPhone 15, and the price on resale platforms such as eBay was as high as US$2,000, and even two phones were sold for as high as US$5,000.
According to Solana co-founder Raj Gokal, Saga sales have increased more than 10 times and are currently expected to be sold out before the New Year, and prices need to be raised. However, there are rumors that the sudden surge in Saga phone sales and even the crazy premium in the second-hand market are mainly related to the surge in the price of the Solana meme coin $BONK that it gave away.
All new users were reportedly able to claim up to 30 million BONK meme coins when they purchased a Saga phone. While that may sound like a lot, it was about $10 at $0.0000003 per token at the time. But over the past 30 days, BONK has risen more than 100 times. That said, the surge in token value has created an interesting arbitrage opportunity for potential buyers, with the equivalent BONK tokens now completely offsetting the cost of purchasing the phone.
Crypto KOL Tyler pointed out that the market's strong interest in the Saga phone is not only because of the BONK tokens contained in it, but also because of the optimism about possible airdrops and minting NFT rights in the future, so users trade Solana Saga phones, which is actually trading an NFT series with a supply of 20,000. This integration with the Solana ecosystem, especially through initiatives such as the BONK token airdrop, has attracted widespread attention from the community, increasing its popularity and sales.
So why is BONK so amazing? In fact, BONK was launched in December 2021, after the fall of Sam Bankman-Fried, which caused the popularity of the Solana ecosystem to plummet. Therefore, the Bonk team hopes to break this inequality and provide everyone with a fair chance by creating an interesting meme coin, with the aim of opposing the "Alameda"-style token economics after the FTX incident and restoring confidence in the Solana ecosystem and $SOL holders.
Although BONK was originally designed as a meme coin, it has quickly been adopted in the Solana ecosystem. From DeFi to games, from NFTs to social media, BONK's footsteps are everywhere in the Solana ecosystem, demonstrating its versatility as a digital currency and its wide range of application potential. In addition, BONK's listing on multiple exchanges also provides it with strong liquidity support.
Not long ago, Coinbase announced on X that BONK has been added to its listing roadmap. Coinbase listings are usually divided into three stages: roadmap, support confirmation, and then official trading.
About five hours after the roadmap was announced, BONK plummeted 27% on other cryptocurrency exchanges, during which time Bitcoin was flat. Nearly 18 hours later, Coinbase confirmed that BONK's U.S. dollar markets would open in New York at noon the following day. BONK has risen 50% in the period, more than doubling in the 18 hours after hitting Coinbase. Two days after listing, BONK's market value briefly exceeded $2 billion. It has since fallen back by two-fifths. Despite the current pullback, BONK has still nearly doubled since Coinbase confirmed the listing last Wednesday.
Subsequently, Binance also announced the listing of Bonk (BONK), and opened spot trading of multiple trading pairs at 08:00 (UTC) on December 15, 2023. In addition, Binance plans to expand its product range by introducing BONK as a new borrowable asset and introduce new margin pairs on independent margin, which is expected to be launched two days after the listing.
Therefore, when looking at the position and influence of the BONK token in the Solana ecosystem, we have not only witnessed its significant growth and market acceptance as a meme coin, but also its extensive integration in diverse fields. BONK’s success is not only reflected in its astonishing market value and price growth, but also in its deep integration with various projects. At the same time, from a deeper perspective, the creation of Bonk token is also a rebellion against traditional cryptocurrency economics.
Summarize
The Solana Saga mobile phone has attracted widespread user interest through its combination with BONK tokens, airdrops and NFT staking, as well as its integration with the Solana ecosystem. This innovative marketing method has produced significant results in the field of encrypted mobile phones, driving a boom in mobile phone transactions.
It is foreseeable that with the continuous development of the crypto economy, the integration of crypto and traditional industries will become more and more frequent. This integration will bring more innovative opportunities and business models to traditional industries. Encrypted mobile phones are just one example of integration, and more innovative products and services integrating crypto and traditional industries may appear in the future.
Reposted from Lianke Tianxia