Solana, announced its new and more affordable version of the Saga smartphone earlier this week, and in a surprising turn of events, an overwhelming demand is now facing the company. While Saga’s initial release did not gain much attention, the scenario changed towards the end of the year, with all phones sold out, largely attributed to the value appreciation of the BONK airdrop for phone users. The second phone, however, is crafting a different narrative.
Solana Mobile, the brainchild of Raj Gokal, co-founder of Solana, announced that within the first 24 hours of opening pre-orders for their new phone, they received more than 25,000 orders, surpassing their 7-day sales target. Gokal stated that after the announcement, they received over 25,000 pre-orders within the first 24 hours and surpassed 30,000 orders within 30 hours. This is in stark contrast to the nearly one-year duration it took to surpass the 20,000 mark for the first phone.
The Technical Marvel
The technical details of the new phone are undisclosed, but it’s rapidly selling out. Scheduled for shipment in the first half of 2025, it will run on the Android platform. Moreover, it will host an integrated cryptocurrency wallet and support decentralized applications (dApps). The original Saga’s initial price was $1,000, later reduced to $599. On the other hand, the new version comes with a price tag of $450. Regardless, pre-orders for the phone have been surging since its announcement.
Solana’s first phone came with a bonus for owners – 30 million BONK tokens distributed for free. Although initially of minimal value, the surge in BONK prices later resulted in these tokens reaching up to $800. The airdrop frenzy did not stop with BONK; additional airdrops followed suit, contributing to Saga’s price soaring to $5,000 on eBay.
Airdrop Expectations Influencing Demand
The immense demand for the second phone is driven by the anticipation of another airdrop. However, the nature of these rewards remains undisclosed despite users of the new device being rewarded. Connecting wallets and X accounts will also earn customers a referral link. Therefore, every pre-order placed through this link contributes to a higher rank on the leadership board. In addition to this, it increases the chances of receiving rewards and gifts from the ecosystem teams on the Solana Mobile website. Also, the information available suggests that users will benefit from connecting their wallets and X accounts.
Solana’s Saga phone series, in conclusion, captivates the market. The new version’s unexpected demand stems from the previous model’s success and the anticipation of lucrative airdrop rewards. As the company ventures into 2025, Solana‘s innovative approach creates waves within cryptocurrency and tech communities. The Saga series’ future success remains an intriguing story, yet it is one to follow. Despite this, the company’s influence grows, shaping the landscape of smartphone innovation. Finally, Solana’s Saga series is a testament to pioneering technological advancements and market dynamics.