Solana Mobile plans to launch cheaper Saga successor: report
Quick Take: Solana Mobile is planning to launch a cheaper successor to the Saga crypto smartphone, CoinDesk reported. Demand for Saga devices surged in December amid an arbitrage opportunity presented by the 30 million bonk tokens that come with the phone.
The new phone will include the same features as Saga — including a built-in crypto wallet, dapp store and custom Android software — but will use different hardware and offer the device at a cheaper price, the person said.
The Saga phone was priced at $1,000 on launch but was later reduced to $599 after the device initially struggled to gain traction. That suddenly changed in December as the price of the Solana-based memecoin bonk went parabolic, presenting an arbitrage opportunity given the device came with 30 million of the tokens. The firm’s limited stock of 20,000 phones promptly sold out in the U.S. and EU, with some orders canceled and refunded following inventory issues.
Saga airdrop hype continues
Bonk BONK +0.64% surged by over 800% last month from $0.0000038 to a peak of $0.000035 on Dec. 15 — the day the phones sold out. However, bonk has since fallen sharply, down 60% to a current price of $0.000014, according to The Block's price page .
BONK/USD price chart. Image: The Block/TradingView .
At its peak, the 30 million bonk tokens that came with Saga phones, only worth a few dollars when the device first launched, were valued at $1,140 — 90% more than the device’s $599 cost. However, the subsequent fall in the price of bonk tokens currently places that value at $420, below the phone's price.
Despite the drop, at least two Saga phones were reportedly sold for as much as $5,000 on eBay, and secondary device sales are still receiving bids as high as $3,200 as the hype surrounding potential future airdrops for phone holders continues.
Solana Mobile did not respond to a request for comment from The Block.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The most reliable warning signal in the US stock market has lit up! After flashing twice in history, both times were followed by a major bear market
The quality factor QMJ, which has tracked the US stock market for nearly 70 years, is issuing a rare warning. In July this year, the indicator posted its largest single-month gain of 14.3% since 1957, as the long-running outperformance of junk stocks over more than two years was suddenly reversed. Historically, similar sharp reversals in QMJ occurred during the bursting of the internet bubble in 2000 and the financial crisis in 2008.
Tonight, the Federal Reserve's "no action" is unsurprising, and the market chooses to "buy everything" (except crude oil).
The Federal Reserve is almost certain to pause rate hikes tonight, but strong U.S. economic data is pushing the probability of a rate hike in December back above 80%, fueling expectations for “higher rates for longer.” Strangely, stocks, the dollar, gold, and bitcoin are all rising simultaneously, with the market staging a “buy everything” rally, while only crude oil is falling against the trend. Behind this broad rally, AI financing pressures and credit risks persist, and Wall Street is warning of market correction risks.
Coca-Cola (KO.US) Q3 Conference Call: Price increases remain manageable, but destocking and foreign exchange headwinds reduce visibility for Q4 and next year; CCBA divestiture restructures revenue profile
Coca-Cola announced its financial results for the third quarter of 2026 and held an earnings conference call.
US Stock IPO Analysis | From 12 Million to 59.6 Million HKD, Touch Holdings' Light Asset Transition and Growth Ceiling
Although Touch Holdings operates in the traditional field of interior decoration, its explosive growth in performance raises the question of whether it can attract market capital.
Crypto prices
More
