Solana's Saga Phones Selling at Premium $5,000 on eBay as Bonk Price Rally Continues

Solana’s Saga Phones Selling at Premium $5,000 on eBay as Bonk Price Rally Continues

UTC by Bhushan Akolkar · 2 min read
Solana’s Saga Phones Selling at Premium $5,000 on eBay as Bonk Price Rally Continues
Photo: Solana Mobile

The Saga phone comes with extra benefits, including a complimentary month of access to Helium Mobile and a free toy. Moreover, apps on Saga’s dApp Store offer special benefits and rewards for Saga holders.

Saga phones, initially experiencing sluggish sales, are now fetching over $2,000 in resale on platforms like eBay, according to completed listings. Recent transactions include two phones reportedly selling for $5,000 and another for $3,361.

The phones, which come with 30 million BONK tokens, a Solana-based meme coin, quickly sold out as traders identified an arbitrage opportunity. With the rising value of BONK, the airdrop became more valuable than the phone itself, leading to a surge in demand.

Besides the token, the Saga phone offers additional perks, such as a free month of access to Helium Mobile and a free toy, while apps on Saga’s dApp Store provide special benefits and rewards for Saga holders.

Coinbase’s recent announcement of BONK trading triggered a surge in the token’s price, capturing attention in the crypto market on December 14. The momentum continued with Binance offering zero-fee trading for BONK, elevating the token’s standing among top meme coins. Furthermore, Solana, the token’s parent currency, gained recognition by surpassing Ethereum in 24-hour DEX volume.

As of the latest update, Bonk, despite experiencing a recent 16.76% drop to $0.00002473, has recorded an impressive weekly surge of 73% and a staggering 750% increase over the month. Although its trading volume decreased by 27.78% to $1.2 billion, it outperformed Dogecoin and Shiba Inu in trading volume over the last 24 hours. In comparison, Dogecoin gained 17% in the last 30 days, and Shiba Inu saw a 12% increase. Meanwhile, Solana faced a 5.38% dip to $74.59, showcasing a divergent market performance compared to Bonk’s recent price movements.

The Helium Mobile Rally

The Helium Mobile cryptocurrency has joined the BONK price rally. Over the last 24 hours, the MOBILE price has shot up by a staggering 100%.

Helium Mobile has recently launched nationwide unlimited mobile services at a monthly rate of $20, and current estimations indicate that the mobile virtual network operator (MVNO) has garnered around 8,000 subscribers. During the onboarding process, new Helium Mobile subscribers get the opportunity to earn ‘mapping rewards’ by sharing their phone’s session connection data with Helium.

Upon agreement, a non-fungible token (NFT) is generated into their Helium (Solana) wallet, and those holding this NFT are entitled to a proportional share of $MOBILE mapping rewards, accounting for 20% of all $MOBILE rewards.

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