BONK's Surge Send Prices of Solana Saga Phone Flying to $2K

The sealed and unopened phone boxes contain an airdrop of 30 million bonk tokens, which has seemingly revived dismal Saga sales.

AccessTimeIconDec 18, 2023 at 7:31 a.m. UTC
Updated Mar 9, 2024 at 2:16 a.m. UTC

A dog-themed meme token may have just resurrected sales of Solana’s Saga phone – with some now selling for as much as $5,000 after earlier being deemed a “failure” by its makers.

Several Saga phones on online marketplace eBay (EBAY) have been sold for upward of $2,000 apiece, site data shows. Most of these phones are listed as “sealed and unopened,” and their sellers are predominately from the U.S.

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  • One phone was sold for as high as $5,000, The Block earlier reported.

    Sales of Solana Saga phones picked up last week as some arbitrage traders appeared to be chasing a 30 million BONK token airdrop given to every phone owner. The airdrop was worth over $700 at peak last week – for a phone that costs $599.

    Earlier in November, the dog-themed BONK gained rapid popularity among blockchain users, spiking as much as 110% during one 24-hour period and extending 30-day gains to over 700%.

    That seemingly lifted the fortunes of the Saga phone, whose disappointing sales prompted uncertainty about its future previously

    “We haven’t seen a ton of signal whether that’s a compelling enough thing to sell 50,000 units,” Solana founder Anatoly Yakovenko said during an interview at the time. “I think 25,000 to 50,000 units to feel like there is a hardcore user base for developers to be compelled to ship applications.”

    The phone first went on sale earlier this year, and in August, its price was cut to $599 from $1,000.

    Saga has since sold out in the U.S. and European Union, Solana co-founder Raj Gokal posted last Friday.

    Edited by Parikshit Mishra.

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    Shaurya Malwa

    Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.


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