Cryptocurrency phone Saga suddenly became popular

The Saga smartphone, developed by Ukrainian Anatoliy Yakovenko’s company Solana, has unexpectedly become popular thanks to the BONK cryptocurrency. The memtoken, launched on the Solana blockchain, caused a stir among users, leading to a sharp increase in phone sales.

Over the past 30 days, BONK has grown by more than 1100%, which has encouraged people to buy Solana smartphones. The owners of the new phones had the opportunity to receive 30 million BONK as part of the airdrop. This created an opportunity for arbitrage as the value of the airdrop exceeded the value of the phone itself.

Solana co-founder Raj Gokal said that phone sales have increased more than 10 times in the last 48 hours. He noted that the phones could sell out by the new year. This huge demand has been a turning point for the device, which had little success before.

Anatoliy Yakovenko also spoke about a possible price increase for the Saga, which was reduced from $ 999 to $ 599 in August. At the moment, all the phones in the US have already sold out, but there are still models left for Europeans. The hype around BONK and Solana smartphones is an example of the impact of cryptocurrencies on the consumer goods market. It also emphasizes the growing interest in blockchain technologies and their potential in various fields.

Crypto experts suggest that one of the factors behind BONK’s recent rally is the interaction between the memcoin and the Binance crypto exchange. The world’s leading crypto platform announced that it would list the asset on its platform yesterday, December 16, opening the following spot trading pairs: BONK/USDT, BONK/FDUSD, and BONK/TRY.