Solana

Bonk Price Surge Causes Solana’s Saga Phones To Sell Out In US As Customers Chase BONK Token Bonus

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Bonk’s surging value has triggered Solana’s Saga telephones to promote out within the US as prospects rush to money in on the supply of 30 million BONK tokens for each buy.

With Bonk hovering 1,111% up to now month, and 86% immediately alone, the tokens are value about $870 at 11:50 a.m. EST – greater than the telephone itself. With the telephone priced at $599, a buyer might purchase it, promote BONK tokens, and pocket a paper revenue of $271.

“Saga gross sales have >10x’d up to now 48 hours, and are actually on monitor to promote out earlier than the brand new yr,” tweeted Solana co-founder Raj Gokal on Dec. 14, earlier than the telephone had bought out.

However there’s no assure {that a} revenue shall be made on the purchases as a result of patrons obtain the tokens as soon as the telephones are delivered. Ought to Bonk’s value plunge, as speculative tokens typically do, the paper good points will evaporate.

30 Million BONK Tokens Value Simply $16 In Might

The supply of BONK tokens had been obtainable for the reason that telephones had been launched on Might 8, when 30 million Bonk tokens had been value simply $16.

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The promote out of the Saga telephones comes barely ten days after Solana Labs co-founder Anatoly Yakovenko deplored the telephones not promoting in addition to had been hoped throughout an look on the Unchained Podcast.

Solana first unveiled its plan to enterprise into the telecoms house with a brand new Android telephone known as Saga a few yr. in the past.

Meme coin tokens are on a tear just lately as sentiment within the crypto market is boosted by the prospect of the approval of spot Bitcoin ETFs early subsequent yr and this week’s indication by the Federal Reserve that it’s ended its historic financial tightening.

That’s despatched buyers on a seek for the following taking pictures star like Bonk. Whereas there are a number of contenders, together with a number of different dog-themed cash like Bonk, one analyst says that Meme Kombat, a GameFi token in presale, is amongst his favorites.

The challenge is at present in presale and is near reaching its value goal of $3.5 million after a whale purchased tokens value $200,000.

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