``` Solana Saga sells for up to $5K on eBay as Bonk frenzy causes sell-out - Coin Postman
Your reliable guide in the crypto world, providing comprehensive news and analysis on all things related to cryptocurrency.

Solana Saga sells for up to $5K on eBay as Bonk frenzy causes sell-out


A Solana Saga telephone seems to have offered for as a lot as $5,000 on eBay — greater than eight instances its retail value — after a frenzy to select up a free memecoin airdrop precipitated the units to promote out on the official web site for the primary time.

According to a Dec. 16 itemizing on the net market eBay, two unopened, in-box telephones have lately offered, listed for $5,000 or “finest supply,” whereas one other machine has sold for $3,316 or “finest supply.”

Solana Saga telephones have been being resold for as excessive as $5,000 on eBay. Supply: eBay

An extra 20 units managed to promote for over $2,000 over the weekend, a greater than $1,400 markup on the unique $599 price ticket on the Solana Cellular web site.

Because the machine launched on Might 8, every new Saga telephone has include a free 30 million Bonk (BONK) token airdrop. Final week, merchants started noticing {that a} value surge in Bonk meant that the free airdrop had turn into extra helpful than the machine itself, inflicting the telephone to promote out as of Dec. 16.

Consumers of those scalped Saga telephones are doubtless a wager that the value of the memecoin will proceed to understand even additional. Within the final 30 days, Bonk surged almost 800% because the token gained mass traction amongst memecoin fans and opportunistic merchants.

The value of Bonk has surged extra almost 800% within the final month. Supply: TradingView

Nevertheless, for merchants to revenue from the eye-watering $5,000 price ticket, the value of Bonk would wish to develop an additional 620% from its present worth. This might see Bonk command a complete market cap of $8.68 billion — inserting it at an analogous valuation to Tron (TRX) or Polkadot (DOT).

Associated: Solana phone sales skyrocket as degens scramble for pumped-up BONK

Nevertheless, it will appear that the telephone patrons is probably not solely betting on the value of Bonk, with a number of Solana-based tasks lately asserting airdrops and different monetary incentives for machine customers.

In a Dec. 17 publish to X (previously Twitter), the pseudonymous founding father of the decentralized finance protocol, Solend, confirmed that the group would work on an airdrop for Saga telephone holders.

Moreover, a fellow memecoin undertaking known as Samoyed Coin (SAMO) announced it will be releasing an airdrop for Saga holders, with extra particulars “coming quickly.”

On Nov. 15. decentralized storage supplier GenesysGo beforehand announced that customers may mine its native Shadow (SHDW) token via an software on the Saga telephone.

Web3 Gamer: Games need bots? Illivium CEO admits ‘it’s tough,’ 42X upside