Sales of Solana Phone Surge As Traders Chase BONK Arbitrage

Solana Saga smartphones sales are surging after arbitrage traders realized every phone comes with an airdrop of BONK meme coins valued at more than the cost of the hardware. "Saga sales have >10x'd in the past 48 hours, and are now on track to sell out before the new year," said Solana co-founder Raj Gokal in a post on X. As a result, Gokal's counterpart, Anatoly Yakovenko, said they'll need to raise the price. CoinDesk reports: The euphoria around BONK -- Solana's dog-themed equivalent to Dogecoin -- has led to a turnaround story for Saga, which just one week ago faced dimming prospects amid forgettable sales figures. Saga is a blockchain-enabled smartphone with special features for storing one's crypto securely on the phone's own hardware. The Saga Discord server exploded on Thursday with newcomers declaring they just bought the phone and wanted to get the airdrop. According to posts on the Discord server, the BONK airdrop is available to those who download the BONK app from Saga's crypto-forward custom app store."When you physically have the phone you will be able to mint 'Genesis token' through the 'dApp store, [this] token is eligible to claim the bonk drop," said a user who identified themselves as an employee of Solana Mobile in the Discord server. "The bonk drop is NOT forever, at some point that promotion will end," the user, whose screen name was Jax, said in the Discord. "As of right now the claim is live and is up to the bonk team on when they'd want to close it. No end date yet."

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