Helium Mobile

Solana

Frenzy

Helium

Coin

Source: Adobe 
In the midst of the <a href="https://cryptonews.com/news/binance-to-list-meme-coin-bonk-under-seed-tag-section-price-up-115-in-24-hours.htm" rel="noopener noreferrer nofollow">BONK meme coin frenzy</a>, Solana Saga phones, initially <a href="https://cryptonews.com/news/solanas-smartphone-saga-needs-25000-user-base-to-attract-developers.htm" rel="noopener noreferrer nofollow">overshadowed by lackluster sales</a>, have become unexpected stars on the resale market, with one device reportedly <a href="https://www.ebay.com/itm/145502802033?hash=item21e0a49071:g:pmEAAOSwfPhlfUs8&amp;amdata=enc:AQAIAAAA4DZSPDVzVnFp2Bp8o0XiL4C3PXuqxG/NAoCdMFsd0RtXkPFeNVXMtpNpAXwkW9Q3xuMv8Z+9Re//1LxdwmSyZYw1Y6chI2wps2lsnc8kCwVIKCF8fJtTZH/PL8L390aafnvHRpotlzJ9cspJru3mYeUQOJQga8xcb/l93qJIXWat6h/ijtF22cNulVkH9wayk4tko8MOKSwWY+ly0b2gL1I1oU1PTMbrbrYtkf/VGG7mNQlf4EkfhT4iDgR2Sam76jEhb5yin1095rXq9euZ6h8EqxUnqImYnA6wZ7VSfJUm%7Ctkp:Bk9SR_qXrZWPYw" rel="noopener noreferrer nofollow">fetching</a> a staggering $5,000 on eBay.
According to completed listings, the Solana Saga phones, which were initially priced lower, are now consistently reselling for over $2,000.
The surge in demand reached new heights on Saturday when two phones exchanged hands for an impressive $5,000 each. Saga phone listing. Source: Ebay 
On Sunday, another phone commanded a price of $3,361.
Interestingly, these sales were completed by sellers who already possessed the device, while others are waiting for their phones to ship. Saga phone listing. Source: Ebay 
The sudden surge in popularity can be attributed to an arbitrage opportunity noticed by traders.
Originally, each Saga phone purchase included a generous airdrop of 30 million BONK tokens, a hot meme coin built on the Solana blockchain.
As the <a href="https://cryptonews.com/news/binance-lists-new-solana-based-meme-coin-amidst-2500-price-surge-bull-market-officially-here.htm" rel="noopener noreferrer nofollow">value of BONK has escalated</a>, surpassing the initial cost of the phone itself, a fervor for the Solana Saga phones ensued.
At the time of writing on Monday, the price of the BONK meme coin was up an impressive 68% for the past seven days, and up close to 640% on a 30-day basis, trading at $ 0.00001987.
The coin is ranked as number 55 on CoinGecko’s ranking of the most valuable cryptocurrencies. 30-day BONK price chart. Source: CoinGecko 
Beyond the getting access to the BONK airdrop, the Saga phone also offers additional perks, including a complimentary month of access to Helium Mobile and a free toy.
Moreover, the phone’s decentralized app (dApp) Store boasts apps that reward Saga holders with exclusive benefits and rewards, further enhancing its appeal.

Solana Saga Phone Fetches $5,000 on eBay Amid BONK Meme Coin Frenzy

Cryptonews.com

Other articles published on Dec 18, 2023

U.S. Steel Shares Surge 28% After Nippon’s $14.9B Deal

The Esports Rise: From Niche Hobby to Global Phenomenon

Wirecard exec accused of being Russian spy by Western officials: WSJ

Shiba Inu [SHIB] December End Price Prediction

Weekly Roundup 12.10. - 12.16.

Trading Bitcoin vs. BTC Futures: A Comprehensive Guide

Join our free newsletter for daily crypto updates!