Airdrop rush on Solana's new phone: 25K sales in 24 hours

Solana, which announced a new, cheaper version of its Web3-focused smartphone Saga at the beginning of the week, is facing an unexpected volume of demand. Saga’s first phone did not attract attention at the time of its release, but by the end of the year, all phones were sold. The appreciation of the BONK airdrop to phone users had a great impact on this. The second phone, on the other hand, writes a different story.

Received more than 25 thousand orders in the first 24 hours

The phone, whose technical details are not yet clear and is available for pre-order, is selling out quickly. Solana Mobile announced that they reached their 7-day sales target in the first 24 hours. Raj Gokal, the co-founder of Solana, said that they received more than 25,000 pre-orders within the first 24 hours of making the announcement, and that they exceeded 30,000 orders as of 30 hours. On the other hand, it took almost a year to cross the 20,000 threshold in the first phone.

The phone, which will ship from the first half of 2025, will be based on Android, will host a built-in cryptocurrency wallet, and will be able to run dApps. When Saga was released, it was offered for sale at a price of $ 1000, then the price was reduced to $ 599. The selling price of the new version is set at $ 450.

30 million BONK tokens were distributed free of charge to the owners of the first phone. Although the value of these tokens was very small at first, it was as high as $800 as a result of the huge price rise in BONK. The BONK was not the only reward distributed to phone users. Afterwards, different airdrops were also made. This airdrop frenzy caused the price of Saga to reach up to $5k on eBay.

Airdrop expectations affect demand

The biggest factor behind the huge demand for the second phone is the expectations of airdrops. According to the information, users of the new device will also be rewarded, but it has not yet been announced what these rewards will be. On the other hand, a referral link will be defined for customers who link their wallet and X accounts, and each pre-order placed through this link will allow them to climb the leaderboard on the Solana Mobile website. In the statement, it was noted that in this way, the chances of receiving rewards and gifts from ecosystem teams will increase.

Published: January 21, 2024 12:37 pm