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Sales of Solana Phone Surge as Traders Chase BONK Arbitrage

The once-struggling Solana phone is turning into a sellout. Arbitrage traders appear to be chasing a 30 million BONK token airdrop that's available to every owner of the Saga phone. At current prices that much BONK is worth nearly $700 for a phone that costs $599. The euphoria around BONK – Solana's dog-themed equivalent to Dogecoin – has led to a turnaround story for Saga, which just one week ago faced dimming prospects amid forgettable sales figures. Saga is a blockchain-enabled smartphone with special features for storing one's crypto securely on the phone's own hardware. The Saga Discord server exploded on Thursday with newcomers declaring they just bought the phone and wanted to get the airdrop.

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