With the blessing of the Solana Saga mobile phone concept, these NFT projects have skyrocketed

Original | Odaily

Author | Asher

Edit | Qin Xiaofeng

Red Box: Saga: Bust Of The Year 2023

This morning, the major communities of the Solana ecosystem were flooded by the news of the skyrocketing price of the “red box”. What is the origin of this magical “red box” that is so popular?

Saga: Bust Of The Year 2023, commonly known in the community as the “Red Box”, is a FreeMint project released at 3 a.m. on the 3rd_land with a total of 6969. The origin of the project was an award from Solana Saga at the MKBHD Smartphone Awards in 2023. 3rd_land took advantage of this event to release an NFT related to the theme: Saga: Bust Of The Year 2023.

(Source: Twitter)

At the beginning of the Mint phase, the popularity of “Red Box” was average, and the reason why “Red Box” continued to increase in popularity was that Solana co-founder Toly retweeted and commented on a piece of content related to the project. This move directly detonated the “red box” heat, and the floor price soared, from the FreeMint in the primary market to the highest price in the secondary market of more than 13 SOL, an astonishing increase.

(Source: magiceden)

There are several reasons why Red Box has been able to make such an astonishing increase in just a few hours:

• Due to the high popularity of the Solana ecosystem, the community has benchmarked it against the “blue box” of the BTC ecosystem. The picture below shows the secondary market situation of the “blue box”, with the current floor price as high as 0.566 BTC (about 24680 US dollars);
• In the first few hours, the number of “red boxes” tradable in the secondary market was less than 2,000, and the selling pressure was small, coupled with the strong FOMO sentiment in the community, the price rose in a parabolic manner.

(Source: BRC-420 Secondary Market)

Official Twitter: _land

Secondary market: _bust_of_the_year_2023

Phone Case: mkbhd SPL20

Due to the explosion of the “red box”, a project related to the Solana Saga mobile phone concept, mkbhd SPL20, rose rapidly in price this morning, with the floor price rising from a low of less than 0.04 SOL to above 0.1 SOL and a high of 0.15 SOL.

The mkbhd SP L2 0, also known as the “phone case” by community members, has a total of 20,000 pieces, a single Mint costs SOL 0.036, and a single wallet can have unlimited Mint.

The project started with Marques Brownlee, a digital blogger with over 600 W followers on Twitter, who said “turn SolanaSaga into an NFT somehow” in one of his comments after giving Solana Saga the award. Soon, some developers seized this hot spot and deployed a meme project, mkbhd SPL20, on top of SLP20.

(Photo: Review by Marques Brownlee)

In addition to this, the CDO (Chief Data Officer) of Magiceden also commented on the project. The two factors are superimposed, the mkbhd SPL20 is instantly hot, the floor price cannot be bought at all for a period of time, the market sentiment is extremely FOMO, the floor price reached the highest near 0.12 SOL yesterday, and once touched 0.15 SOL today.

(Photo: Magiceden CDO mentions mkbhd)

As can be seen from the candlesticks, the price of mkbhd SPL20 has experienced two rapid increases. One was at the time of the sale, and the other was this morning’s rally led by the “red box”. It should be noted that the mkbhd SPL20 is only two rises due to the popularity, and there is no real project party, and investors need to pay attention to its risks.

(Source: magiceden)

Secondary market: _SP L2 0

Black Box: SNB

Due to the popularity of the “red box” project and the continuous rise in the price of SOL coin, major communities quickly focused on other hot projects in the SOL ecosystem. Coincidentally, at this point in time, the “black box” - an NFT project called SNB began to gain traction in some communities.

Although the project has nothing to do with Solana Saga, the concept of “box” has made the “black box” go viral in various communities. Those who missed the red box in the morning frantically bought the black box, and its floor price rose from 1 SOL to 3 SOL, with a maximum increase of more than 200% in 24 hours. After FOMO, the current price is 1.37 SOL.

(Source: magiceden)

Official Twitter:

Secondary Market:

These are the items on the market today that are related to the Solana Saga mobile phone concept. Odaily reminds that the price of related projects fluctuates greatly, so it is necessary to participate cautiously.