Solana Saga Phone Fetches $5,000 on eBay Amid BONK Meme Coin Frenzy
Within the midst of the BONK meme coin frenzy, Solana Saga telephones, initially overshadowed by lackluster gross sales, have turn into sudden stars on the resale market, with one machine reportedly fetching a staggering $5,000 on eBay.
In accordance with accomplished listings, the Solana Saga telephones, which have been initially priced decrease, at the moment are persistently reselling for over $2,000.
The surge in demand reached new heights on Saturday when two telephones exchanged fingers for a powerful $5,000 every.
On Sunday, one other cellphone commanded a value of $3,361.
Apparently, these gross sales have been accomplished by sellers who already possessed the machine, whereas others are ready for his or her telephones to ship.
The sudden surge in recognition might be attributed to an arbitrage alternative seen by merchants.
Initially, every Saga cellphone buy included a beneficiant airdrop of 30 million BONK tokens, a scorching meme coin constructed on the Solana blockchain.
As the worth of BONK has escalated, surpassing the preliminary value of the cellphone itself, a fervor for the Solana Saga telephones ensued.
On the time of writing on Monday, the worth of the BONK meme coin was up a powerful 68% for the previous seven days, and up near 640% on a 30-day foundation, buying and selling at $ 0.00001987.
The coin is ranked as quantity 55 on CoinGecko’s rating of probably the most priceless cryptocurrencies.
Past the having access to the BONK airdrop, the Saga cellphone additionally provides further perks, together with a complimentary month of entry to Helium Cellular and a free toy.
Furthermore, the cellphone’s decentralized app (dApp) Retailer boasts apps that reward Saga holders with unique advantages and rewards, additional enhancing its attraction.
