The month of December proved to be fairly profitable for the general crypto market, however it introduced in expansive enterprise into one specific ecosystem; Solana’s. From Solana’s native cryptocurrency SOL buying and selling on the higher facet of the value ladder the previous few days and Solana-based NFTs seeing promote outs, the Solana ecosystem was already displaying indicators of restoration when a relatively new member of its ecosystem bounced to recognition. This new member is known as Bonk, and it’s a memecoin primarily based on the Solana blockchain.
In a brand new improvement, Solana’s Saga smartphones appear to be promoting at hefty costs on on-line marketplaces in worldwide markets.
Over the weekend, a Solana machine bought for $5,000 (roughly Rs. 4.14 lakh) — which is roughly eight occasions its unique launch worth of $600 (roughly Rs. 49,795) on eBay. Another unit of the Saga was up for grabs at $3,316 (roughly Rs. 2.75 lakh) and plenty of others have been traded for over $2,000 (roughly Rs. 1.65 lakh), a report by CoinTelegraph stated.
Notably, every Saga smartphone entails a free airdrop of 30 million Bonk tokens, which is being reported amongst prime explanation why the Saga units are promoting like sizzling truffles.
In the previous few days, Bonk surpassed current memecoin star Pepecoin, in phrases of its market cap. In the earlier 30 days, the value of the Bonk token rose from $0.0000028 (roughly Rs. 0.00023) to $0.000012 (roughly Rs. 0.0010) and touched a valuation of $762 million (roughly Rs. 6,353 crores).
As per the official X deal with of Solana Mobile, the Saga was bought out on December 16.
The Saga is SOLD OUT!
Words can’t describe how a lot we admire your help. We are nothing with out this superb group :people_hugging:
While these previous few days shall be cemented in our historical past, we’re excited for the longer term :saluting_face:
Stay tuned :sparkles: pic.twitter.com/KJje8lBDLL
— Solana Mobile :seedling: (@solanamobile) December 16, 2023
Buyers of this handset routinely get 30 million Bonk tokens, the worth of which as per the present price of the token, would quantity to $638 (roughly Rs. 52,977). Saga consumers are additionally seemingly betting massive on Bonk worth to escalate even additional, which must spike by at least 620 p.c for them to see any actual revenue.
With the Saga telephone now changing into a frenzy in itself, some unrelated crypto tasks are additionally lining up airdrops for these telephones.
Memecoin venture referred to as Samoyed Coin, as an illustration, has introduced an airdrop for Saga within the weeks to come back. GenesysGo, a decentralised storage supplier can also be set to let its native Shadow (SHDW) be mined by way of an app on the Saga telephone.
Solana’s Saga smartphone was launched in April 2022 and was touted as the arrival of the world’s first-generation of crypto and Web3-centric smartphones. Along with a Solana Pay crypto pay app, a ‘seed vault’ can also be pre-installed on the Saga telephone to securely retailer all of the non-public keys linked to the handset, in keeping with the corporate.
