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Market News

Solana Saga Sold at $5,000 on eBay As It Goes Out of Stock

The demand for Saga has increased as mobile phone stock goes sold out on the official website.

Written By Gopal Solanky
Published December 18, 2023 6:32 AM·Updated 7 months ago
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Analysts suggest the involvement of key SEC divisions during these meetings is crucial for approval.

The BONK frenzy has led Solana mobile phone Saga’s price to soar to $5,000 on eBay as the phone sells out on the official website and users start bidding to get it at a premium.

As the company sold out all Saga phones on December 16, a user on eBay sold the unopened mobile phone at its listing price of $5,000, more than 9 times higher than its MRP. Following this sale, other eBay listings of the Saga phone were also set at higher prices, with one listing selling at 10,000 AUD, approximately $6,721.

Solana Saga Phone sold at $5,000 - eBay
Solana Saga Phone sold at $5,000 – eBay

The sold Saga phone is unopened, as stated, and comes with unclaimed 30 million BONK tokens, which the company was giving away with each device. Not only one or two, but there are a total of over 20 Saga phones that have been sold on eBay at a premium price compared to their actual cost of $599.

While users are eagerly buying Solana phones to claim the BONK airdrop, there seems to be a buzz around a number of additional airdrops for Saga owners.

Kyle Samani, the managing partner at Multicoin Capital, shared that there will be a ton of airdrops for Saga owners in the next 12 months. While citing Samani’s post, the anonymous founder of Solend – a decentralized lending protocol on Solana – confirmed that his team is working on an airdrop for Saga owners.

true, solend is working on an airdrop for saga owners 👀 https://t.co/1EnphaJV5J

— R🐽ter (@0xrooter) December 16, 2023

Also Read: Solana-based Aggregator Jupiter To Airdrop JUP in January

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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