Solana conducted an airdrop among owners of the Saga crypto smartphone

Owners of the Saga Web3 smartphone created by Solana developers SOL $136.55 Solana -1.35% Market capitalization $63.3 billion VOL. 24 hours $0.76 billion have received another batch of free tokens. This time, the airdrop was conducted by the Samoyedcoin (SAMO) meme project.

Amid the distribution of SAMO tokens, the asset’s price soared by more than 50%, and its capitalization increased to $ 58 million. However, at the time of writing, the token price has dropped by almost 7%.

The Samoyedcoin project announced the airdrop last year in mid-December. At that time, the team said that it would hold a SAMO coin giveaway for 20 thousand Saga owners.

on January 9, the developers finally started distributing the promised tokens. Users can claim 1,250 SAMO (about $ 20).

According to CoinGecko, the price of the asset soared by 54% from $ 0.014 to $ 0.16 amid the distribution. The token’s market capitalization increased from $ 51 million to $ 59 million. However, all indicators were adjusted within a day: at the time of writing, SAMO’s price has dropped to $ 0.14, and its capitalization has dropped to $ 57 million.

Along with the airdrop, the Samoyedcoin project team also introduced a new feature for Solana smartphones — Saga Tools. The tool allows other developers in the SOL network to organize their own token giveaways.

Earlier, the shortage of Saga was caused by the hype around another Solana-based memecoin, Bonk (BONK). Device owners could claim 30 million tokens. The airdrop led to a surge in demand for smartphones, which forced blockchain representatives to raise prices.