24/7 Cryptocurrency News

Solana Saga Phone Faces Inventory Hurdles, What’s Next For SOL Price?

SOL Price: The Solana Saga Mobile has announced that it faces inventory challenges, sparking speculations among the crypto market enthusiasts.
Published by
Solana Saga Phone Faces Inventory Hurdles, What’s Next For SOL Price?

Amid a crypto surge fueled by Solana’s meme coin, BONK, and the success of the Solana Saga phone, a recent report unveils unexpected challenges for Solana Mobile. With Saga phones selling out and a soaring demand in the market, a twist in the tale emerges, leaving users in anticipation.

Meanwhile, the news also comes amid a time when the Solana price has witnessed a substantial increase over the past few days, sending its price to new yearly highs.

Advertisement

Solana Saga Phone Inventory Hurdles

Solana Mobile recently celebrated the complete sell-out of Saga phones in the US, expressing gratitude for the overwhelming support. The success was buoyed by a surge in the price of Solana’s meme coin, BONK, and heightened interest in the Saga phone.

Despite the recent buzz on Saga phones, a recent report suggests a discrepancy in inventory management, with Solana Mobile admitting to an inaccurate representation of their stock. In a recent X post on December 22, Solana Mobile addressed the inventory challenges, revealing that the overwhelming demand led to sellouts in both the US and EU.

However, an inventory management issue with their third-party distributor resulted in inaccurate stock representation. As a result, orders placed after inventory depletion cannot be fulfilled. In addition, the company canceled some orders flagged for suspicious activity, aiming to prioritize genuine users.

Also Read: Binance Delists SOL, XRP, ADA, DOGE And Top Crypto In GBP Spot Pairs

Advertisement

Solana Price & Performance

The Solana price movement has gained notable traction lately, as it flipped BNB coin to secure the 4th position in top crypto rankings earlier today. However, the flip was short-lived, as now, the Solana has again slipped into the 5th position.

As of writing, the Solana price was up 7.08% to $93.53, while its volume over the last 24 hours rose 35.06% to $5.98 billion. Meanwhile, the token has touched a high of $99.12 and a low of $86.04 in the last 24 hours, suggesting growing interest in the SOL crypto from the crypto market enthusiasts. Notably, its 24-hour high also marked the highest peak for SOL prices this year.

Meanwhile, some users were keeping a close watch on the SOL price, for potential consequences due to Solana Mobile’s recent announcement. However, Solana Mobile has assured affected customers of refunds and expressed regret for any inconvenience caused.

While deliveries for existing orders are prioritized, the company pledges to keep users updated on future developments. Despite this setback, Solana Mobile remains committed to its community and hints at exciting developments in the pipeline.

Also Read: XRP Whales Shift 70 Mln Tokens As XRP Price Nears $0.63, Rally To Continue?

Advertisement

Share
Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

LBank Signs Sponsorship Deal with Argentine National Team, Launches $100M Bonus

Leading cryptocurrency exchange LBank has signed a historic sponsorship deal with the Argentine Football Association…

September 28, 2025
  • 24/7 Cryptocurrency News

ASTER Leads Perp DEX Volumes Despite $4.8M Wintermute Transfers

ASTER dominates decentralized perp trading with $42 billion in daily volume. Meanwhile, Wintermute moved $4.8…

September 28, 2025
  • 24/7 Cryptocurrency News

USDH Launch Boosts Hyperliquid Amid Competitive Market Pressure

Native Markets has staked and locked 200,000 HYPE tokens for three years, making USDH the…

September 28, 2025
  • 24/7 Cryptocurrency News

SEC to Decide on Six Spot XRP ETF Applications in October

The U.S. Securities and Exchange Commission (SEC) is preparing for a key week in October…

September 28, 2025
  • 24/7 Cryptocurrency News

Ripple Partners with Ondo Finance to Tokenize U.S. Treasuries on XRPL

Ripple has partnered with Ondo Finance to combine traditional finance with blockchain technology. This partnership…

September 27, 2025
  • 24/7 Cryptocurrency News

Ethereum Exchange Supply Drops 52% as $3,700 Liquidation Risk Grows

Ethereum’s exchange supply has dropped by more than 52% from their 2016 levels, hitting a…

September 27, 2025