Saga mobile by Solana sells out on the heels of Bonk token surging 7% in 24 hour trading

The Solana backed mobile phone is designed to enhance web3 functionality and comes with an airdrop of 30 million Bonk tokens.

The news that the once-struggling Sagas have sold out comes amid a rush of traders to the Solana Bonk (BONK) memecoin, with a promotion of the phone involving an airdrop of 30 million Bonk tokens, equivalent to about $700, despite the ticket price of the device in the U.S. being $599.

Wow, what a day

We’ve officially SOLD OUT of Saga phones in the US! A huge thanks to everyone who’s been part of this journey ♥️

To our frens in Europe, we’ve still got a few left for you.

Stay tuned for what’s next

— Solana Mobile (@solanamobile) December 15, 2023

Bonk, which has grown by more than 1,000% over the past month and has become available for trading on major crypto exchanges including Binance and Coinbase, has risen in price by 7% to $76.36 at the time of writing.

The Saga smartphone was presented as a “killer” for Google and Apple and released in May 2023. It is built on the Android operating system with 512GB memory, dual rear camera lenses, a 6.67-inch OLED display and a fingerprint scanner.

The company called the Solana Mobile Stack (SMS) function the main feature of the device. This is a list of custom add-ons that integrate Web3 functionality into your phone’s hardware and software.

According to Saga, the phone is “the next step towards wider adoption of Web3 on mobile devices and further improvement of interaction with the Solana mobile community.”

In April, we introduced Saga with a clear vision: to put web3 at your fingertips. We continue to work to bring more people into the ecosystem and drive web3’s mobile future. Today, we are reducing the price of Saga to $599.

Over the past four months, Saga users embraced the… pic.twitter.com/qpC1BHiqZ7

— Solana Mobile (@solanamobile) August 9, 2023