The Saga phone, once facing lackluster sales, is now witnessing a surge in demand due to the memecoin BONK.
The Saga phone, once facing lackluster sales, is now witnessing a surge in demand due to the memecoin BONK. Arbitrage traders are eagerly pursuing a 30 million BONK token airdrop, currently available to all Saga phone owners, causing Saga sales to skyrocket in the past 48 hours.
Solana co-founder Raj Gokal tweeted on Thursday that Saga sales have multiplied by over ten times and are now on track to sell out before the new year. Solana Labs co-founder Anatoly Yakovenko suggested raising the phone's price.
Also Read: A Deep Dive Into Bonk— The Solana-Based Memecoin
Saga faced a bleak outlook with disappointing sales figures since launch, leading to a price cut from $1000 to $599. Saga is a blockchain-enabled smartphone designed to securely store cryptocurrencies on its hardware.
The Saga Discord server witnessed a surge in activity as newcomers announced their purchases of the phone. According to posts on the Discord server, the BONK airdrop can be accessed by downloading the BONK app from Saga's crypto-centric custom app store.
A user claiming to be an employee of Solana Mobile explained that once users physically possess the phone, they can mint the "Genesis token" through the dApp store, which makes them eligible to claim the BONK airdrop. However, the promotion is not indefinite and that the bonk team would eventually decide when to close it.
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