Solana Mobile plans to launch cheaper Saga successor: report
Quick Take: Solana Mobile is planning to launch a cheaper successor to the Saga crypto smartphone, CoinDesk reported. Demand for Saga devices surged in December amid an arbitrage opportunity presented by the 30 million bonk tokens that come with the phone.
The new phone will include the same features as Saga — including a built-in crypto wallet, dapp store and custom Android software — but will use different hardware and offer the device at a cheaper price, the person said.
The Saga phone was priced at $1,000 on launch but was later reduced to $599 after the device initially struggled to gain traction. That suddenly changed in December as the price of the Solana-based memecoin bonk went parabolic, presenting an arbitrage opportunity given the device came with 30 million of the tokens. The firm’s limited stock of 20,000 phones promptly sold out in the U.S. and EU, with some orders canceled and refunded following inventory issues.
Saga airdrop hype continues
Bonk BONK +0.64% surged by over 800% last month from $0.0000038 to a peak of $0.000035 on Dec. 15 — the day the phones sold out. However, bonk has since fallen sharply, down 60% to a current price of $0.000014, according to The Block's price page .
BONK/USD price chart. Image: The Block/TradingView .
At its peak, the 30 million bonk tokens that came with Saga phones, only worth a few dollars when the device first launched, were valued at $1,140 — 90% more than the device’s $599 cost. However, the subsequent fall in the price of bonk tokens currently places that value at $420, below the phone's price.
Despite the drop, at least two Saga phones were reportedly sold for as much as $5,000 on eBay, and secondary device sales are still receiving bids as high as $3,200 as the hype surrounding potential future airdrops for phone holders continues.
Solana Mobile did not respond to a request for comment from The Block.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mutual funds underweight, institutions return to net long positions with real capital! Mag 7 led by Nvidia (NVDA.US) returns to the spotlight of capital flows
Among the tracked AI-related stocks, Nvidia is the most significantly underweighted, with large-cap mutual funds underweighting it by an average of about 100 basis points.

Goldman Sachs Trading Desk: The Current U.S. Stock Market is "Extremely Volatile," AI Investment Logic is Being Restructured
Goldman Sachs believes that AI investment anxiety has shifted from concerns over "demand authenticity" to whether "growth can match high valuations." As inference costs are drastically reduced, the moat of computing power sellers and upstream supply chains is becoming increasingly fragile, putting sector valuations under pressure. Nvidia’s financial report is expected to be only a neutral catalyst. On the macro level, the U.S. Treasury expanding the scale of long-term bond buybacks may have a profound impact on a weaker dollar and a rise in gold prices.
Bitcoin Clears 200-Day Moving Average Amid Treasury Buyback Sentiment

Two ETH Whales Offload $63M+ in ETH and stETH at $2,346

