The newly launched Saga crypto phone by Solana has completely sold out after an airdrop of Bonk tokens to phone owners caused a frenzy. The phone was originally launched as a secure device aimed at crypto and NFT enthusiasts, but was struggling to gain traction with only around 2,200 units sold initially.
However, the surprise airdrop of $670 worth of Bonk tokens to each phone owner dramatically changed its fortunes. This, combined with the potential for further airdrops and whitelist spots for sought-after NFT mints, suddenly made the $645 phone an incredibly hot commodity. It represented a way to actually get paid for owning the device. The viral hype around the Bonk airdrop and the fear of missing out triggered a surge of interest, with the limited supply of 20,000 phones quickly drying up.
The episode seems to validate Solana founder Anatoly Yakovenko’s “cockroach mode” philosophy - where breakthrough products often initially struggle before catching on. Crypto analyst and podcaster Paul Bar believes this could be a seminal moment for both Solana and crypto phones in general. He cites potential for thousands more decentralized apps tailored for the devices, a shift by mobile and hardware partners to this new model, as well as integrations with fast-growing crypto networks like Helium.
In the fickle world of crypto though, only time will tell whether this marks the beginning of a larger movement or just a temporary spike in a niche product. But for now, the Solana Saga phone represents one of the hottest crypto and hardware products on the market.
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