Saga phones, the smartphone offering from Solana, are now being sold at a premium on resale platforms like eBay, with recent transactions reaching as high as $5,000. Initially experiencing sluggish sales, the phones have seen a surge in demand as buyers identified an arbitrage opportunity related to the included 30 million BONK tokens, a Solana-based meme coin. The rising value of BONK has made the airdrop more valuable than the phone itself, leading to a spike in interest.
Apart from the token, Saga phones also come with additional perks such as a free month of access to Helium Mobile and a free toy. Additionally, apps on Saga’s dApp Store offer special benefits and rewards for Saga holders. This unique combination of features has attracted attention in the crypto market, with a tweet suggesting that there will be numerous airdrops for Saga owners over the next year.
Coinbase’s recent announcement of BONK trading further boosted the token’s price and captured attention in the cryptocurrency community on December 14. Binance subsequently offered zero-fee trading for BONK, further solidifying its status among top meme coins. Moreover, Solana, the parent currency of BONK, gained recognition by surpassing Ethereum in 24-hour decentralized exchange volume.
The latest update on BONK reveals that the token has experienced a significant weekly surge of 73% and an astonishing 750% increase over the month. Despite a recent drop of 16.76% to $0.00002473, BONK has outperformed popular tokens like Dogecoin and Shiba Inu in terms of trading volume over the last 24 hours. In comparison, Dogecoin has gained only 17% in the last 30 days, while Shiba Inu saw a 12% increase. The performance of Solana has been less impressive, with a 5.38% dip to $74.59.
In another related development, the price of Helium Mobile, a cryptocurrency, has also surged in the wake of the BONK price rally. The price of MOBILE has skyrocketed by a staggering 100% over the past 24 hours. Helium Mobile recently introduced nationwide unlimited mobile services at a monthly rate of $20, attracting an estimated 8,000 subscribers. New subscribers are given the opportunity to earn “mapping rewards” by sharing their phone’s session connection data with Helium. In return, they receive a non-fungible token (NFT) generated into their Helium (Solana) wallet. Holding this NFT entitles them to a proportional share of $MOBILE mapping rewards, which account for 20% of all $MOBILE rewards.
Overall, the Saga phones’ resale price reaching $5,000 on platforms like eBay is a reflection of the growing demand for the included BONK tokens and the increasing value of the airdrop. The recent surge in BONK trading, combined with Solana’s impressive performance in terms of DEX volume, has captured the attention of cryptocurrency enthusiasts. Additionally, Helium Mobile’s price rally and its unique rewards program have attracted interest from mobile users looking to earn rewards through sharing their connection data.