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Sales of Solana Phone Surge as Traders Chase BONK Arbitrage

Sales of Solana Phone Surge as Traders Chase BONK Arbitrage

​The once-struggling Solana phone is turning into a sellout. And the memecoin BONK is almost certainly the reason why.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.”Saga sales have >10x’d in the past 48 hours, and are now on track to sell out before the new year,” Solana co-founder Raj Gokal tweeted midday Thursday. The surge is so pronounced that Gokal’s counterpart, Anatoly Yakovenko, tweeted they needed to raise the price.The euphoria around…  

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