Benzinga - Solana (CRYPTO: SOL) Mobile is reportedly gearing up to introduce a second model to the market.
What Happened: The new handset is expected to retain the hallmark features that defined its forerunner, the Saga — including an integrated crypto wallet, specialized Android software, and access to a dedicated “dApp store” for decentralized applications. However, what sets this upcoming device apart is its more affordable price tag and revised hardware components, reported CoinDesk, citing sources.
Originally priced at $1,000 at its launch last year, the Saga saw a price drop following an initially lackluster reception. Currently, Saga smartphones are fetching bids upwards of $3,200 on eBay.
The rise in Saga’s market performance can be tied to the distribution of SOL meme token BONK (CRYPTO: BONK) that came with the phone. These meme tokens effectively offset the cost of the smartphone, leading to a rapid sellout when this perk became known.
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Why It Matters: Earlier in December, Solana Saga smartphones, which initially struggled to attract buyers, reached up to $5,000 on eBay.
Since their market entry on May 8, each Solana Saga phone has come bundled with an enticing bonus for crypto fans — an airdrop of 30 million Bonk tokens.
Solana did not respond to Benzinga’s request to comment, at the time of publishing.
Price Action: At the time of writing, BONK was trading at $0.00001381, down 3.83% in the last 24 hours, according to Benzinga Pro.
Photo by rafapress on Shutterstock
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