After a period of stagnation, the Solana-based Saga phone has unexpectedly become a hot item on the market, thanks to the BONK memecoin airdrop program for buyers.
Recently, to boost customer demand, Solana’s Saga phone company has launched a phone purchase program with a memecoin airdrop.
Immediately after the program was launched, Saga’s sales have increased tenfold in the past 48 hours. According to Raj Gokal, co-founder of Solana, with this situation, Saga may sell out before the new year.
This is in contrast to a week ago when the company only sold 2,200 phones despite being on the market for over half a year. However, this sudden growth is significant to the extent that Gokal’s partner, Anatoly Yakovenko, had to raise the product’s price.
It is worth noting that the memecoin in this airdrop program is BONK, a dog meme coin created on Solana, similar to Dogecoin. According to the announcement, each Saga owner will receive an airdrop of around 30 million BONK. With the current price of $0.00002309 USD, this token is worth nearly $700 USD, which is still quite favorable compared to the phone’s cost of $599 USD. Furthermore, BONK has just reached a new ATH price after being listed on Coinbase on December 14.
Currently, the Saga Discord community has become lively with many new users claiming they bought the phone to receive the BONK airdrop. However, the airdrop is only available to those who download the Bonk app from the Saga app store.
One user, claiming to be a Solana Mobile employee, explained: “After owning the phone, you can create a Genesis token through the dApp store to claim the BONK airdrop.”
Another user noted that the airdrop program is not indefinite, and BONK can close the token claim gate at any time.
On the Saga side, this is a smartphone that connects to the blockchain, with special features for secure cryptocurrency storage on the phone’s dedicated hardware. As for BONK, it has taken a small starting point but quickly gained favor among many users and the Solana ecosystem in general.
Following this news, the price of BONK has increased by nearly 70% in the past 24 hours and surged by 850% in just one month. It now holds the third position on the “dog coins” ranking board. At the time of writing, BONK is trading around $0.00002309 USD.