Solana Saga phone sells for $5,000 on eBay as BONK hype continues

Quick Take

  • A Solana Saga phone sold for $5,000 on eBay today, with the “floor” price of the phone hovering around $2,000, as hype around BONK and potential future airdrops continues. 
  • Owners of Solana’s phone can claim a token that entitles them to airdrops including a free airdrop of the BONK meme coin. 

Solana SOL -3.79% Saga phones, which initially put up disappointing sales numbers, are currently reselling on platforms such as eBay for over $2,000, completed listings show. 

Some phones have sold for even more; yesterday, two phones reportedly sold for $5,000, while another phone sold today for $3,361. Those sellers had the device in hand, while many other sellers appear to be waiting on the phone to ship. 

The phones sold out rapidly in recent days as traders spotted an arbitrage: the phone came with 30 million BONK -1.52% tokens, a Solana-based meme coin. As BONK's price rapidly rose, that airdrop became worth more than the phone itself, leading to the phone's skyrocketing demand. 

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The Saga phone comes with a number of other benefits, including a free month of access to Helium HNT -1.73% Mobile and a free toy, while apps on Saga's dApp Store will be able to reward Saga holders with other special benefits and rewards. 


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About Author

Zack Abrams is a writer and editor based in Brooklyn, New York. Before coming to The Block, he was the Head Writer at Coinage, a Web3 media outlet covering the biggest stories in Web3. The story he co-reported on Do Kwon won a 2022 Best in Business Journalism award from SABEW. Other projects included a deep dive into SBF's defense based on exclusive documents and unveiling the identity of the hacker behind one of 2023's biggest crypto hacks — so far. He can be reached via X @zackdabrams or email, [email protected].