- Sales of the Saga phones had increased by more than tenfold in the previous two days.
- One of the most outlandish arbitrage possibilities is the 30 million BONK airdrop.
Following a recent price increase for Solana memecoin Bonk (BONK), which has increased by over 970% in the previous 30 days, crypto phone enthusiasts have started buying Solana’s Saga phone at an accelerated rate.
In a tweet on December 15, Solana co-founder Raj Gokal said that sales of the company’s phones had increased by more than tenfold in the previous two days, putting them on pace to sell out before the upcoming new year.
Arbitrage Opportunity
New buyers of the Solana Saga phone have been eligible for a free 30 million memecoin airdrop since the phone’s introduction on May 8. However, with the token’s price recently rising, purchasers have an attractive arbitrage prospect.
One of the most outlandish arbitrage possibilities accessible to crypto aficionados is the 30 million BONK airdrop, which is now worth an incredible $875 at current prices. This is $278 more than the present $599 purchase price of the Solana saga phone.
According to CoinMarketCap, Bonk has had an enormous surge of 970% in the last 30 days and is up 107% in the last 24 hours. Due to its recent price success, Bonk’s market valuation has surpassed that of its rival memecoin, Pepe.
The surge in sales was so significant that Anatoly Yakavenko, a co-founder of Solana, proposed increasing the price of the Saga. In August, once sales began to decline, the price was lowered from $999 to $599.
Sales of Saga have exceeded “millions of dollars worth” in the last two days, according to a Solana representative. Due to the high volume of orders, the organization has stated that each family would be able to only purchase one mobile device going forward.
Highlighted Crypto News Today:
