Solana (SOL) Price Hit $79 As Saga Mobile Gets ‘Sold Out’ This Week
Solana has experienced a robust resurgence this week, hitting a high of $79.15. The Solana (SOL) price surged by 9% after Solana Mobile announced that Saga mobile phones are sold out, stating “While these past few days will be cemented in our history, we’re excited for the future.”
Solana Sells Out Saga Phones in the US
In a thrilling development, Solana Mobile announces the complete sell-out of Saga phones in the United States. The company expressed heartfelt gratitude to everyone who contributed to this remarkable journey, highlighting the overwhelming support received.
While the Saga phones have reached their limit in the US, Solana Mobile reassures its European audience that there are still a few units available for purchase. This success marks a significant milestone for Solana Mobile, showcasing the strong demand and positive response from users.
Solana’s memecoin, Bonk (BONK), has witnessed an extraordinary surge of over 1,100% in the past month, prompting a flurry of activity among crypto enthusiasts. Since the launch of the Solana phone on May 8, owners have been eligible for a free 30 million BONK airdrop.
The recent surge in BONK’s value has created an intriguing arbitrage opportunity, with the airdrop now valued at an astonishing $877, surpassing the phone’s current price of $599. This unexpected arbitrage phenomenon adds a unique twist to the volatile world of memecoins.
Solana co-founder Anatoly Yakavenko even suggested a price increase for the Solana Saga phone due to the heightened demand for Bonk. Earlier this month during a podcast appearance, Yakovenko acknowledged the Saga’s struggles in the market and revealed his personal use of the device as an “NFT phone,” not as his primary mobile device. Besides, he also talked about launching more Saga phone models.
Read More: Solana Flips Ethereum DEX Volume As Saga Mobile Gets Sold Out & BONK Price Rally
The SOL Price Rally to Continue
The Solana (SOL) price has been on a mega rally since mid-October and has gained nearly 300% in the last two months. In today’s rally, the SOL price has shot past the crucial resistance of $75.
- LBank Signs Sponsorship Deal with Argentine National Team, Launches $100M Bonus
- ASTER Leads Perp DEX Volumes Despite $4.8M Wintermute Transfers
- USDH Launch Boosts Hyperliquid Amid Competitive Market Pressure
- SEC to Decide on Six Spot XRP ETF Applications in October
- Ripple Partners with Ondo Finance to Tokenize U.S. Treasuries on XRPL
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.
